Petroleum Revenue Funds - Part2
Sunday, 02 November 2008 , Written by « World Bank »   

 Creating and operating a petroleum revenue fund entails a large number of steps. If the fund is a separate legal entity, a legal framework for the fund needs to be established. Fund objectives, deposit and withdrawal rules, the structure of the agency or unit overseeing the fund, the investment strategy, performance benchmarks, appointment of fund managers, and mechanisms for independent audits, reporting, and dissemination of information will all need to be considered and established. This note, the second in a series of four, discusses various aspects of fund establishment and operation. 

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Fighting bribery in public procurement in Asia and the Pacific
Monday, 27 October 2008 , Written by « OECD »   


Since its inception in 1999, the ADB/OECD Anti-Corruption Initiative for Asia-Pacific has supported its members in strengthening their policies, frameworks and practices to fight corruption. Driven by the demand and priorities of its members, the Initiative fosters regional policy dialogue and analysis and assists in building capacity through regional technical seminars.

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Contracts for Petroleum Development - Part 2
Monday, 27 October 2008 , Written by « World Bank »   

 Petroleum contracts are long and complex. Production sharing agreements, the type of contracts being signed in Cambodia, are no exception. However, they are important to the country’s future economic and development options and hence it would be helpful if the public had a basic understanding of how these contracts work and, in particular, how government revenues are determined. This briefing note, part 2 of a three-part series, describes the terms used in defining payments made by petroleum companies and the order in which they are paid.

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