Watching Government - Bright lines

Multinational oil and gas companies are working with the US and the UK on new voluntary anticorruption measures aimed primarily at resource-rich developing countries. "The overall goal is to shine a light on resource flows; our vision is a comprehensive framework," said Janice Bay, deputy assistant secretary for International Finance and Development, US Department of State. She spoke before the International Association of Drilling Contractors last month in Washington, DC.Anticorruption models are also relevant for Iraq, Bay suggested. She said the US government is determined that Baghdad's revamped oil sector be a model of transparency. Still, any decisions taken by a US-led interim ...

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