Policy brief: The case for contract transparency
Contracts, licenses and associated agreements are important elements of a country’s legal framework. They explain the rights and obligations of all parties involved in the exploration and production of oil, gas and minerals.
By shedding light on the rules and terms that govern extractives projects, contract transparency can help curb corruption and empower citizens to assess whether they are getting a good deal for their resources. Publication of contracts gives visibility on how much revenue is expected to flow to national and subnational governments.