Transparency in the Management of Oil and Gas Revenues / Financial Transparency (NO0010)
Overview
At-a-Glance
Action Plan: Norway – First National Action Plan – 2012-2013
Action Plan Cycle: 2011
Status:
Institutions
Lead Institution: NA
Support Institution(s): NA
Policy Areas
Aid, Energy, Extractive Industries, Fiscal Openness, Publication of Budget/Fiscal InformationIRM Review
IRM Report: Norway First IRM Progress Report 2011-2013
Early Results: No IRM Data
Design i
Verifiable: Pending IRM Review
Relevant to OGP Values: No Data
Ambition (see definition): No Data
Implementation i
Completion: Pending IRM Review
Description
The Government will follow up EITI implementation in the years to come, in close cooperation with the multi-stakeholder consultative group. We will continue to support the Oslo-based international EITI Secretariat, and use development funds to support developing countries’ work in various phases of their EITI implementation. Norway supports developing countries’ efforts to increase transparency in the oil and gas sector directly through the EITI and via the World Bank, by supporting international NGOs such as Revenue Watch Institute (RWI) and through various measures under the Norwegian Oil for Development programme (OfD). The OfD is the largest development programme of its kind in the world and provides support and advice to more than 20 developing countries in their efforts to improve their management of their petroleum resources, e.g. with regard to greater transparency concerning revenue flows.
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