At the end of May, a group of colleagues at the Office of the Auditor General of Norway gathered for a 2-day workshop in fiscal regimes. The course drew on experience from Norway as well as Sierra Leone, Uganda, Zambia and Myanmar, and covered different models for calculating revenue from the extractives sector. Through interactive … Continue reading “Norwegian Audit Office conducts training in fiscal regimes”

Who is Petropedia? Petropedia aims to be the largest collection of insights and inspiration for Petroleum Industry professionals, decision-makers and anyone else who is proud to be called an “expert”. From defining complex Upstream, Midstream and Downstream industry jargon in our dictionary, to exploring the latest trends in our articles, or providing in-depth coverage of … Continue reading “Petropedia”

It is a common phenomenon that people gets excited when they are exposed to good news of opportunities. Their excitement is not for nothing but built on expectations of gains that are likely to accrue from the opportunities discovered and anticipation of positive changes in life. From social perspectives, when the good news concerns the … Continue reading “Can Developing Countries Notice Unnoticed Opportunities in Extractive Industry?”

Over 80 delegates from 20 member countries gathered in Mombasa-Kenya to attend the three day annual meeting event of WGEI whose main objective was to chart a way forward in auditing oil, gas and minerals. The Auditor General of Kenya Mr Edward Ouko who hosted the conference welcomed participants to Mombasa and appreciated the Chairperson … Continue reading “Three-day Annual WGEI meeting held in Mombasa (24th-26th August 2016)”

Building strong Institutions is vital to Natural Resource Management. Citizens are excited about the benefits that come along with oil discoveries at the same time elites are worried about the so called resource curse as it has been witnessed in some resource rich countries. This article, therefore demonstrates the role of the Supreme Audit institutions … Continue reading “The role of Supreme Audit Institutions (SAIs) in the Oil and Gas Sector (Integrating the EI value chain with the Oil and Gas activity chain)”

Tin in Uganda is found in its ore known as cassiterite. It has a number of uses that include coating other metals to avoid rusting. It is used with lead to make solder and when it is mixed with copper it makes bronze. Tin was the first mineral to be mined in Uganda in 1927. … Continue reading “Mineral Resources in Uganda – Tin”

At the 3rd Annual WGEI Conference in Mombasa, the United States Government Accountability Office (GAO) presented a proposed framework for developing guidance on how to approach Extractive Industry (EI) audits. The idea behind this guidance was to create an accessible starting point for someone unfamiliar with extractive industry audits. GAO is proposing to develop a … Continue reading “A Proposed Framework on How to approach Extractive Industry (EI) Audits”

By Dana Wilkins, Natural Resource Governance Institute Supreme audit institutions are the unsung heroes of natural resource governance—or they have the potential to be, at least. SAIs are the first, and in some cases only, independent check on the accuracy of government accounts. They measure the degree to which officials comply with legislation and budgets, … Continue reading “SAIs Have a Critical Part in Extractives Revenue Oversight”

The audit of extractive industries is a priority area for AFROSAI-E. We are therefore focused on building the capacity of auditors in the region to enable them to gain an understanding of the sector and guide them on how to conduct risk assessments of the sector in order to focus their audits where the risk … Continue reading “Building Extractive Industry Audit Capacity in AFROSAI-E”

Recently the Energy Sector team of the OAGU, in collaboration with the INTOSAI Working Group on Audit of Extractive Industries (WGEI), organized a visit to some of the areas of the Albertine Graben Region where Petroleum activities are taking place as well as to the Karuma site, in Northern Uganda, where a major Hydro-electric project … Continue reading “Top management of the Office of the Auditor General of Uganda visits the Albertine Graben and Karuma Hydro Electric Power Project”