Transparency International Report on Global Oil Companies in Iraq

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Companies in the Transparency International's March 2011 report[1] were graded on three criteria: their implementation and promotion of sound anti-corruption programmes to prevent individuals from misappropriating revenues; their disclosure of the financial relationships they have with their partners and their operating subsidiaries; and their publishing of precise information about how much revenue goes to state budgets and how much is retained by companies.

Aggregating the results of these criteria compiled by Transparency International, with 100% representing the highest level of transparency and 41% representing the aggregate mean, international oil companies (IOCs) operating in Iraq placed as follows.

Above average performance transparency:

Below average performance transparency:

Seven companies operating in Iraq (Kogas, Kuwait Energy Company, TPAO, Hunt, Genel Energy, DNO and Heritage), were not fully covered in the report.

References

  1. "Promoting Revenue Transparency: 2011 Report on Oil and Gas Companies" Transparency International website Retrieved 25 October 2011.