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

OECD

 
9789264438286: OECD Development Policy Tools How to Select Buyers of Oil, Gas and Minerals Guidance for State-Owned Enterprises
Softcover
ISBN 10: 9264438289 ISBN 13: 9789264438286
Publisher: OECD, 2020

Synopsis

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.

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Publisher
OECD
Publication date
2020
Language
English
ISBN 10 
9264438289
ISBN 13 
9789264438286
Binding
Paperback
Number of pages
52