Via Upstream Online, several huge surprises in one article. The first:
Nigeria’s state oil company had the poorest transparency record of 44 national and international energy companies evaluated in a report published by international watchdogs this week.
Transparency International (TI) and Revenue Watch Institute (RWI) rated a list of oil and gas companies, which represent 60% of global output, on how they reported revenues and disclosed information on anti-corruption programmes.
Nigerian National Petroleum Corporation (NNPC) was the only company to score zero on organisational information disclosure, which included the provision details of deals agreed with governments and partners on energy projects. The average score was 65%.
The report, released this week and based on research carried out in 2010, showed that publicly listed companies score better than non-listed ones, while international oil companies fare better than national oil entities, according to Reuters.
NNPC was among eight companies, including Angolan state oil company Sonangol and Russia’s gas export monopoly Gazprom , to score 0% on reporting anti-corruption programmes.