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Oil, Gas & Mining

Government Revenues


IFC Extractive Industry clients commit to disclosing payments such as royalties, dividends, taxes, and signature bonuses which they make to their host governments. This reflects IFC’s, and IFC clients’, ongoing work in increasing transparency in the extractive industries sector. 

IFC has developed a disclosure template that allows clients to clearly disclose their payments by type and regional/national splits. We actively encourage other institutions and companies to adopt the template to help in their own revenue disclosure efforts (click
here to download).

The table below provides links to where IFC clients’ disclose their respective payments. 

The projects fall into three categories: 1) those which currently disclose payments made to governments, 2) those which have not yet made payments to government but will disclose once they do, and 3) those that by the nature of their business do not make payments directly related to the extraction of natural resources.

The projects below represent IFC projects committed in 2007 and 2008. They do not include routine financial activities, such as rights issues, relating to existing clients. This information is updated on an annual basis during the month of August to reflect deals committed for the previous calendar year. 


 

IFC oil, gas and mining clients that made material government payments

 

 
 
IFC Financing committed in 2007
Sector
Country
2007 Payments
2008 Payments
2009 Payments
2010 Payments
2011 Payments
Vostok
Oil & Gas
Russia
Melrose Resources
Oil & Gas
Egypt & Bulgaria
2011
Lonmin
Mining
South Africa
Pan American Energy
Oil & Gas
Argentina


 

 
 
IFC Financing committed in 2008
Sector
Country
2008 Payments
2009 Payments
2010 Payments
2011 Payments
ROCH
Oil & Gas
Argentina
2011
Salamander Energy
Oil & Gas
Asia
Peru LNG
Oil & Gas
Peru
BPZ Resources
Oil & Gas
Peru


 

 
 
IFC Financing committed in 2009
Sector
Country
2009 Payments
2010 Payments
2011 Payments
Kuwait Energy
Oil & Gas
Egypt & Yemen
Bankers Petroleum
Oil & Gas
Albania
Geopark
Oil & Gas
Argentina & Chile


 

 
 
IFC Financing committed in 2010
Sector
Country
2010 Payments
2011 Payments
Petra Diamonds
Mining
Tanzania


 

 
 
IFC Financing committed in 2011
Sector
Country
2010 Payments
2011 Payments
Candax Energy Inc
Oil & Gas
Tunisia
N/A
Medanito, S.A.
Oil & Gas
Argentina
N/A



 

IFC Royalty Share of Sasol Petroleum Temane Limitada



 

IFC oil, gas and mining clients that have not yet made material government payments



 

 
 
IFC Financing committed in 2007
Sector
Country
Description
Far East Energy Corporation
Mining
China
Early stage exploration
Simandou
Mining
Guinea
Early stage exploration
Aricom
Mining
Russia
Project evaluation
Lydian
Mining
Kosovo/Armenia
Early stage exploration
Kalukundi (Africo)
Mining
Democratic Republic of the Congo
Early stage exploration


 

 
 
IFC Financing committed in 2008
Sector
Country
Description
Baobab Reources
Mining
Mozambique
Early stage exploration


 

 
 
IFC Financing committed in 2009
Sector
Country
Description
Topic Tunisia
Oil & Gas
Tunisia
Production not started
Gryphon Minerals
Mining
Burkina Faso
Early stage exploration
Greystar Resources
Mining
Colombia
Early stage exploration
Antares Minerals
Mining
Peru
Early stage exploration
Kiwara
Mining
Zambia
Early stage exploration
Kosmos Energy / Tullow OIl
Oil & Gas
Ghana
Production not started


 

 
 
IFC Financing committed in 2010
Sector
Country
Description
Argentex Mining
Mining
Argentina
Early stage exploration
Gryphon Minerals
Mining
Burkina Faso
Early stage exploration
Nyota Minerals
Mining
Ethiopia
Early stage exploration
Kasbah Resources
Mining
Morocco
Early stage exploration
Mindoro Resources
Mining
Philippines
Early stage exploration
Eurasian Minerals
Mining
Haiti
Early stage exploration
Allana Potash
Oil Mining
Ethiopia
Early stage exploration


 

 
IFC Financing committed in 2011
Sector
Country
Description
Rialto Energy Ltd
Oil & Gas
Cote D'Ivoire
Early stage exploration
MBAC Fertilizer Corp (Itafos Project)
Mining
Brazil
Not in production yet




 

IFC oil, gas and mining clients that by the nature of their business do not directly make material payments related to the extraction of natural resources



 

 
 
IFC Financing committed in 2007
Sector
Country
Description
QGOG
Oil & Gas
Brazil
Oil services provider
Schahin
Oil & Gas
Brazil
Oil services provider
Petronet
Oil & Gas
India
Liquified natural gasification terminal


 

 
 
IFC Financing committed in 2008
Sector
Country
Description
Punj Upstream
Oil & Gas
India
Oil services provider


 

Former IFC oil, gas and mining clients (no longer in IFC's portfolio)



 

 
 
Company
Sector
Country
Description
Petrotesting
Oil & Gas
Colombia
Disclosed in 2007
Kappa
Oil & Gas
Colombia
Disclosed in 2007
Cairn India
Oil & Gas
India
Disclosed in 2011
Maple Energy
Oil & Gas
Peru
Disclosed in 2011
IPR
Oil & Gas
Egype
Disclosed in 2011



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