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.
Update, 10/21/04, 12:41 PM EST
"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.
: 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
; South Africa
, and on.