To comply with new U.K. reporting regulations, global commodities giant Glencore published a report today that summarizes the payments it made to governments in 2015. The figures shed light on the company’s extensive exploration and production activities. Glencore’s even larger trading business, however, remains in the dark.
This is an important year for Myanmar. With expectations so high, the new government is under enormous pressure to prove that it can transform the more than 20 trillion kyats (USD 17 billion) budgeted into tangible benefits for the people of Myanmar. This will not be easy, yet significant reforms are already underway to help achieve this objective.
Almost every country in the world that produces oil has some type of national oil company. In this video, NRGI director of legal and economic programs Patrick Heller discusses the influence and role of these companies in their home countries.