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Home Business

Revenue Watch Institute organises workshop on good governance of Libya’s oil sector

bySami Zaptia
August 2, 2012
Reading Time: 2 mins read
A A

Tripoli, 2 August:

Representatives of the Libyan government, citizens’ groups, media and international partners last month attended the third . . .[restrict]of a series of workshops organized by the Revenue Watch Institute on management of the oil industry,

This is part of an ongoing effort to help the government and citizens promote good governance of the sector and improve management of oil revenues.

Held July 17-18, the workshop focused on the special challenges of oil wealth; the need for transparency in the government’s management of the revenues and possible long-term savings strategies.

The workshop, taking place as Libyans voted for the first time in 50 years for a new parliament, also included sessions on the Extractive Industries Transparency Initiative, the voluntary international standard under which oil, gas and mining companies are required to publish what they pay to governments and governments are required to publish what they receive from companies.

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There was a special interest in how the new constitution scheduled to be drafted later this year should address management of the oil sector.

The 28 participants who attended represented

 

Government: Media
–                        Ministry of Finance –                        Libya Herald
–                        Ministry of Planning International partners:
–                        National Economic Development Board –                        EU-EUNIDA
–                        National Audit –                        US Embassy
–                        Prime Ministry Council –                        DFID
Civil Society   Organizations: Private Sector:
–                        Bokra –                        Rashad Consultancy
–                        Libyan Transparency Group
–                        To Better Future
–                        Capital Youth Union
–                        Tripoli National Conference
–                        February 17th Coalition

 

RWI is supporting a network of local activists and civil society organizations to continue to promote better revenue management.


**For more information, please contact:

Mr. NedalSwehli – [email protected]

Libya Program Coordinator/Consultant

Ms. Patricia Karam – [email protected]

RWI Middle East and North Africa Regional Director [/restrict]

Tags: extractive industriesgovernanceoiloil and gasoil revenuesRevenue Watch InternationalRWItransparancyworkshop

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