OECD Development Policy Tools How to Select Buyers of Oil, Gas and Minerals Guidance for State-Owned Enterprises

Author / Creator

OECD

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Online

Summary

The sale of publicly-owned oil, gas and minerals can have a significant impact on the development trajectory of resource-rich developing and emerging economies due to the large volume of commoditie...

The sale of publicly-owned oil, gas and minerals can have a significant impact on the development trajectory of resource-rich developing and emerging economies due to the large volume of commodities sold and the amount of money involved. Therefore, getting the buyer selection process right is a crucial step to prevent potential public revenue losses that can arise through sub-optimal allocation and corruption. This Guidance is intended to strengthen state-owned enterprises (SOEs)' capacity to market commodities and optimise the value of resources sold.

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