Guidelines for Good Governance in Emerging Oil and

Transcript:Guidelines for Good Governance in Emerging Oil and:
Guidelines for Good Governance in Emerging Oil and Gas Producers For the full text of the Guidelines for Good Governance in Emerging Oil and Gas Producers (3rd Edition, 2016) please visit the Chatham House website. Materials provided by Chatham House (c) The Royal Institute of International Affairs. Chatham House | The Royal Institute of International Affairs 2 Introduction The New Petroleum Producers Discussion Group brings together officials from over 25 emerging producer countries in an annual forum. Together the group examines available policy options appropriate for countries in the first steps of development of petroleum resources and promotes peer-to-peer exchange. International best practice may not be the best advice. More appropriate practice – National context More effective practice – Rapid results Better practice – Incremental improvements to governance Chatham House | The Royal Institute of International Affairs 3 What should emerging producers do with these Guidelines? Conduct an open consultation Decide priority objectives Decide sequence of steps to achieve these Plan for success Devise an investment framework that can adapt Build change into the institutional set up for governance of the sector Chatham House | The Royal Institute of International Affairs 4 Recommendations for incremental governance improvement Potential policy objectives Assessment and prioritization National vision Role for energy sector Maximise economic returns to the state Earn public trust & manage public expectations Increase local content Increase accountability Develop capable national organisations Attract the most qualified investor Elaborate a strategic vision for the sector Safeguard the environment Chatham House | The Royal Institute of International Affairs 5 Aim for these 5 principles of good governance Like the Guidelines for Emerging Producers, these governance principles were driven and shaped by discussions between producers. See the Chatham House Document: http://www.chathamhouse.org/publications/papers/view/108469 6 Overview: The guidelines for emerging producers Structured around eight key objectives for the petroleum sector in an emerging producer context Review common challenges faced and offer policy oriented recommendations All objectives may not be a priority for every country Chatham House | The Royal Institute of International Affairs Chatham House | The Royal Institute of International Affairs 7 Presentation Map This is an interactive presentation. Please click on the red boxes, icons and text throughout to navigate to specific topics. Objective 8: Safeguard the environment Objective 1: Elaborate a strategic vision for the sector Strategy Recommendations on elaborating a strategic vision Recommendations for political leadership Recommendations for implementing national development plans 8