- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
- Africa: BW Offshore wraps up much-anticipated sale of Nigerian FPSO
- Senegal: European JV aims to revolutionize country’s power infrastructure
- Congo: Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’
- Aramco CEO calls for ‘more realistic and robust’ multi-source plan in global energy transition
The importance of natural resources for government revenues
In the majority of EITI countries, revenues from oil, gas and mining account for more than 20% of the government’s total income.
In a majority of the EITI countries, the income from extracting natural resources is a crucial component of the government’s finances. In four of the countries that have published EITI Reports to date resource revenues comprise over 90%.
The data from this chart is drawn from data.eiti.org and IMF World Economic Outlook.
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