F U G O P

A Reality-Based Blog.

Atom Feed

Friends

Good Blogs

Not So Good Blogs

News Sources

Profile

 

10/20/2004

Oil Curse

Transparency International has released its 2004 Corruption Perceptions Index. It draws attention to the oil curse:

"As the Corruption Perceptions Index 2004 shows, oil-rich Angola, Azerbaijan, Chad, Ecuador, Indonesia, Iran, Iraq, Kazakhstan, Libya, Nigeria, Russia, Sudan, Venezuela and Yemen all have extremely low scores," said Mr Eigen.

"In these countries, public contracting in the oil sector is plagued by revenues vanishing into the pockets of Western oil executives, middlemen and local officials," he added.
Update, 10/21/04, 12:41 PM EST: Nigeria is not happy with its treatment in the report. They think the report should acknowledge Nigeria's serious efforts to crack down on corruption. Other countries have reacted: Turkey; India; Canada; South Africa; Israel; Russia; Philipines; Ghana; Qatar; Kenya; Bahrain; Malaysia; Australia; Jamaica; Ireland, and on.

 

Recent Posts

There Is No Crisis: Protecting the Integrity of Social Security

Articles

Archives

Powered by BloggerWeblog Commenting and Trackback by HaloScan.com