OECD Development Policy Tools How to Select Buyers of Oil, Gas and Minerals Guidance for State-Owned Enterprises

OECD Development Policy Tools How to Select Buyers of Oil, Gas and Minerals Guidance for State-Owned Enterprises

Author: OECD

Publisher: OECD Publishing

Published: 2020-12-04

Total Pages: 52

ISBN-13: 9264838228

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The sale of publicly-owned oil, gas and minerals can have a significant impact on the development trajectory of resource-rich developing and emerging economies due to the large volume of commodities sold and the amount of money involved. Therefore, getting the buyer selection process right is a crucial step to prevent potential public revenue losses that can arise through sub-optimal allocation and corruption. This Guidance is intended to strengthen state-owned enterprises (SOEs)’ capacity to market commodities and optimise the value of resources sold.


Book Synopsis OECD Development Policy Tools How to Select Buyers of Oil, Gas and Minerals Guidance for State-Owned Enterprises by : OECD

Download or read book OECD Development Policy Tools How to Select Buyers of Oil, Gas and Minerals Guidance for State-Owned Enterprises written by OECD and published by OECD Publishing. This book was released on 2020-12-04 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sale of publicly-owned oil, gas and minerals can have a significant impact on the development trajectory of resource-rich developing and emerging economies due to the large volume of commodities sold and the amount of money involved. Therefore, getting the buyer selection process right is a crucial step to prevent potential public revenue losses that can arise through sub-optimal allocation and corruption. This Guidance is intended to strengthen state-owned enterprises (SOEs)’ capacity to market commodities and optimise the value of resources sold.


How to Select Buyers of Oil, Gas and Minerals

How to Select Buyers of Oil, Gas and Minerals

Author: ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT: DEVELOPMENT CENTRE.

Publisher:

Published: 2020-12-04

Total Pages: 49

ISBN-13: 9789264438286

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The sale of publicly-owned oil, gas and minerals can have a significant impact on the development trajectory of resource-rich developing and emerging economies due to the large volume of commodities sold and the amount of money involved. Therefore, getting the buyer selection process right is a crucial step to prevent potential public revenue losses that can arise through sub-optimal allocation and corruption. This Guidance is intended to strengthen state-owned enterprises (SOEs)' capacity to market commodities and optimise the value of resources sold. It explains how SOEs can set up transparent and competitive buyer selection procedures that reduce discretion, close opportunities for favouritism and corruption, ultimately leading to increased revenues for improved development outcomes. Based on the review of existing selection and procurement processes, the Guidance provides recommendations for countering key corruption challenges at each step of the buyer selection process, and identifies examples of best practices. This Guidance complements the work of the Extractive Industries Transparency Initiative (EITI) on recommended disclosures of buyer selection procedures by SOEs.


Book Synopsis How to Select Buyers of Oil, Gas and Minerals by : ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT: DEVELOPMENT CENTRE.

Download or read book How to Select Buyers of Oil, Gas and Minerals written by ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT: DEVELOPMENT CENTRE. and published by . This book was released on 2020-12-04 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sale of publicly-owned oil, gas and minerals can have a significant impact on the development trajectory of resource-rich developing and emerging economies due to the large volume of commodities sold and the amount of money involved. Therefore, getting the buyer selection process right is a crucial step to prevent potential public revenue losses that can arise through sub-optimal allocation and corruption. This Guidance is intended to strengthen state-owned enterprises (SOEs)' capacity to market commodities and optimise the value of resources sold. It explains how SOEs can set up transparent and competitive buyer selection procedures that reduce discretion, close opportunities for favouritism and corruption, ultimately leading to increased revenues for improved development outcomes. Based on the review of existing selection and procurement processes, the Guidance provides recommendations for countering key corruption challenges at each step of the buyer selection process, and identifies examples of best practices. This Guidance complements the work of the Extractive Industries Transparency Initiative (EITI) on recommended disclosures of buyer selection procedures by SOEs.


How to Select Buyers of Oil, Gas and Minerals

How to Select Buyers of Oil, Gas and Minerals

Author: Organisation for Economic Co-operation and Development

Publisher:

Published: 2020

Total Pages: 48

ISBN-13: 9789264822221

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The sale of publicly-owned oil, gas and minerals can have a significant impact on the development trajectory of resource-rich developing and emerging economies due to the large volume of commodities sold and the amount of money involved. Therefore, getting the buyer selection process right is a crucial step to prevent potential public revenue losses that can arise through sub-optimal allocation and corruption. This Guidance is intended to strengthen state-owned enterprises (SOEs)' capacity to market commodities and optimise the value of resources sold. It explains how SOEs can set up transparent and competitive buyer selection procedures that reduce discretion, close opportunities for favouritism and corruption, ultimately leading to increased revenues for improved development outcomes. Based on the review of existing selection and procurement processes, the Guidance provides recommendations for countering key corruption challenges at each step of the buyer selection process, and identifies examples of best practices. This Guidance complements the work of the Extractive Industries Transparency Initiative (EITI) on recommended disclosures of buyer selection procedures by SOEs.


Book Synopsis How to Select Buyers of Oil, Gas and Minerals by : Organisation for Economic Co-operation and Development

Download or read book How to Select Buyers of Oil, Gas and Minerals written by Organisation for Economic Co-operation and Development and published by . This book was released on 2020 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sale of publicly-owned oil, gas and minerals can have a significant impact on the development trajectory of resource-rich developing and emerging economies due to the large volume of commodities sold and the amount of money involved. Therefore, getting the buyer selection process right is a crucial step to prevent potential public revenue losses that can arise through sub-optimal allocation and corruption. This Guidance is intended to strengthen state-owned enterprises (SOEs)' capacity to market commodities and optimise the value of resources sold. It explains how SOEs can set up transparent and competitive buyer selection procedures that reduce discretion, close opportunities for favouritism and corruption, ultimately leading to increased revenues for improved development outcomes. Based on the review of existing selection and procurement processes, the Guidance provides recommendations for countering key corruption challenges at each step of the buyer selection process, and identifies examples of best practices. This Guidance complements the work of the Extractive Industries Transparency Initiative (EITI) on recommended disclosures of buyer selection procedures by SOEs.


How to Select Buyers of Oil, Gas and Minerals

How to Select Buyers of Oil, Gas and Minerals

Author: Organisation for Economic Co-operation and Development

Publisher:

Published: 2020

Total Pages: 48

ISBN-13: 9789264948143

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The sale of publicly-owned oil, gas and minerals can have a significant impact on the development trajectory of resource-rich developing and emerging economies due to the large volume of commodities sold and the amount of money involved. Therefore, getting the buyer selection process right is a crucial step to prevent potential public revenue losses that can arise through sub-optimal allocation and corruption. This Guidance is intended to strengthen state-owned enterprises (SOEs)' capacity to market commodities and optimise the value of resources sold. It explains how SOEs can set up transparent and competitive buyer selection procedures that reduce discretion, close opportunities for favouritism and corruption, ultimately leading to increased revenues for improved development outcomes. Based on the review of existing selection and procurement processes, the Guidance provides recommendations for countering key corruption challenges at each step of the buyer selection process, and identifies examples of best practices. This Guidance complements the work of the Extractive Industries Transparency Initiative (EITI) on recommended disclosures of buyer selection procedures by SOEs.


Book Synopsis How to Select Buyers of Oil, Gas and Minerals by : Organisation for Economic Co-operation and Development

Download or read book How to Select Buyers of Oil, Gas and Minerals written by Organisation for Economic Co-operation and Development and published by . This book was released on 2020 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sale of publicly-owned oil, gas and minerals can have a significant impact on the development trajectory of resource-rich developing and emerging economies due to the large volume of commodities sold and the amount of money involved. Therefore, getting the buyer selection process right is a crucial step to prevent potential public revenue losses that can arise through sub-optimal allocation and corruption. This Guidance is intended to strengthen state-owned enterprises (SOEs)' capacity to market commodities and optimise the value of resources sold. It explains how SOEs can set up transparent and competitive buyer selection procedures that reduce discretion, close opportunities for favouritism and corruption, ultimately leading to increased revenues for improved development outcomes. Based on the review of existing selection and procurement processes, the Guidance provides recommendations for countering key corruption challenges at each step of the buyer selection process, and identifies examples of best practices. This Guidance complements the work of the Extractive Industries Transparency Initiative (EITI) on recommended disclosures of buyer selection procedures by SOEs.


OECD Development Policy Tools How to Select Buyers of Oil, Gas and Minerals Guidance for State-Owned Enterprises

OECD Development Policy Tools How to Select Buyers of Oil, Gas and Minerals Guidance for State-Owned Enterprises

Author: OECD (author)

Publisher:

Published: 1901

Total Pages: 0

ISBN-13: 9789264948143

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Book Synopsis OECD Development Policy Tools How to Select Buyers of Oil, Gas and Minerals Guidance for State-Owned Enterprises by : OECD (author)

Download or read book OECD Development Policy Tools How to Select Buyers of Oil, Gas and Minerals Guidance for State-Owned Enterprises written by OECD (author) and published by . This book was released on 1901 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:


OECD Development Policy Tools Options for Operationalising Transparency in Commodity Trading Transactions

OECD Development Policy Tools Options for Operationalising Transparency in Commodity Trading Transactions

Author: OECD

Publisher: OECD Publishing

Published: 2021-08-06

Total Pages: 43

ISBN-13: 9264986820

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Given their sheer magnitude, the payments made by companies for the purchase of oil, gas and minerals from governments or state-owned enterprises are of significant public interest. However, only a few commodity trading companies regularly publicly disclose information in respect of their payments to governments for the purchase of these publicly-owned commodities.


Book Synopsis OECD Development Policy Tools Options for Operationalising Transparency in Commodity Trading Transactions by : OECD

Download or read book OECD Development Policy Tools Options for Operationalising Transparency in Commodity Trading Transactions written by OECD and published by OECD Publishing. This book was released on 2021-08-06 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given their sheer magnitude, the payments made by companies for the purchase of oil, gas and minerals from governments or state-owned enterprises are of significant public interest. However, only a few commodity trading companies regularly publicly disclose information in respect of their payments to governments for the purchase of these publicly-owned commodities.


OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas

OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas

Author: OECD

Publisher: OECD Publishing

Published: 2011-07-27

Total Pages: 65

ISBN-13: 9264111115

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This book provides step-by-step management recommendations endorsed by governments for global responsible supply chains of minerals in order for companies to respect human rights and avoid contributing to conflict through their mineral or metal purchasing decisions and practices.


Book Synopsis OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas by : OECD

Download or read book OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas written by OECD and published by OECD Publishing. This book was released on 2011-07-27 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides step-by-step management recommendations endorsed by governments for global responsible supply chains of minerals in order for companies to respect human rights and avoid contributing to conflict through their mineral or metal purchasing decisions and practices.


OECD Development Policy Tools Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT)

OECD Development Policy Tools Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT)

Author: OECD

Publisher: OECD Publishing

Published: 2022-11-15

Total Pages: 258

ISBN-13: 9264949097

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How can fossil fuel producers and mineral-rich developing countries design realistic, just and cost-effective low-carbon transition pathways? Taking into account the heterogeneity of low-carbon trajectories, Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) provides options for policy makers, industry and finance institutions in search of the answers.


Book Synopsis OECD Development Policy Tools Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) by : OECD

Download or read book OECD Development Policy Tools Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) written by OECD and published by OECD Publishing. This book was released on 2022-11-15 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can fossil fuel producers and mineral-rich developing countries design realistic, just and cost-effective low-carbon transition pathways? Taking into account the heterogeneity of low-carbon trajectories, Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) provides options for policy makers, industry and finance institutions in search of the answers.


OECD Development Policy Tools Typology of Corruption Risks in Commodity Trading Transactions

OECD Development Policy Tools Typology of Corruption Risks in Commodity Trading Transactions

Author: OECD

Publisher: OECD Publishing

Published: 2021-06-30

Total Pages: 41

ISBN-13: 9264699759

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Commodity trading presents specific and heightened risks of corruption due to the large amount of money involved in commodity trading transactions, which are source of important revenues for developing countries, and due to the sophisticated mechanisms used to channel corrupt payments.


Book Synopsis OECD Development Policy Tools Typology of Corruption Risks in Commodity Trading Transactions by : OECD

Download or read book OECD Development Policy Tools Typology of Corruption Risks in Commodity Trading Transactions written by OECD and published by OECD Publishing. This book was released on 2021-06-30 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodity trading presents specific and heightened risks of corruption due to the large amount of money involved in commodity trading transactions, which are source of important revenues for developing countries, and due to the sophisticated mechanisms used to channel corrupt payments.


Options for Operationalising Transparency in Commodity Trading Transactions

Options for Operationalising Transparency in Commodity Trading Transactions

Author:

Publisher:

Published: 2021

Total Pages: 43

ISBN-13: 9789264418356

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Given their sheer magnitude, the payments made by companies for the purchase of oil, gas and minerals from governments or state-owned enterprises are of significant public interest. However, only a few commodity trading companies regularly publicly disclose information in respect of their payments to governments for the purchase of these publicly-owned commodities. This report makes a case for the development of a common global standard on transparency of payments that trading hubs, home governments and industry associations can use to ensure consistency, comparability and usability of data, building on the 2019 EITI Standard. Complementary measures by host governments and SOEs are necessary to set shared expectations across jurisdictions, including in producing countries. These include the adoption of disclosure policies as well as the inclusion of disclosure obligations in commodity sales contracts to set clear expectations on transparency of payments, and avoid potential conflicting requirements and bilateral negotiations.


Book Synopsis Options for Operationalising Transparency in Commodity Trading Transactions by :

Download or read book Options for Operationalising Transparency in Commodity Trading Transactions written by and published by . This book was released on 2021 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given their sheer magnitude, the payments made by companies for the purchase of oil, gas and minerals from governments or state-owned enterprises are of significant public interest. However, only a few commodity trading companies regularly publicly disclose information in respect of their payments to governments for the purchase of these publicly-owned commodities. This report makes a case for the development of a common global standard on transparency of payments that trading hubs, home governments and industry associations can use to ensure consistency, comparability and usability of data, building on the 2019 EITI Standard. Complementary measures by host governments and SOEs are necessary to set shared expectations across jurisdictions, including in producing countries. These include the adoption of disclosure policies as well as the inclusion of disclosure obligations in commodity sales contracts to set clear expectations on transparency of payments, and avoid potential conflicting requirements and bilateral negotiations.