Government Revenues

IFC Extractive Industry clients commit to being transparent about the terms and conditions agreed with host governments under which a resource is being developed.  This, along with IFC's revenue disclosure requirement, reflects IFC’s, and IFC clients’, ongoing work in increasing transparency in the extractive industries sector.

The table below provides links to where IFC clients’ disclose their principal contracts or key terms and conditions.

The projects below do not include routine financial activities, such as rights issues, relating to existing clients. This information is updated biannually.

 

IFC Oil, Gas and Mining clients that have made material government payments, by year committed

 

2007     Payments
  Sector Country 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018  
Pan American Energy Oil & Gas Argentina 2007 2008 2009 2010 2011 2012 2013 2014 2015        

 

2008     2008 2009 2010 2011 2012 2013 2014 2015
Salamander Energy (acquired by Ophir in 2015) Oil & Gas Asia   2009 2010 2011 2012 2013 2014 2015
Peru LNG Oil & Gas Peru     2010 2011 2012 2013 2014  
BPZ Resources Oil & Gas Peru 2008 2009 2010 2011 2012 2013 2014  

 

2009     2009 2010 2011 2012 2013 2014 2015
Kuwait Energy Oil & Gas Egypt & Yemen     2011 2012 2013 2014 2015
Bankers Petroleum Oil & Gas Albania 2009 2010 2011 2012 2013 2014 2015
Geopark Oil & Gas Argentina & Chile 2009 2010 2011 2012 2013 2014  

 

2010       2011 2012 2013 2014 2015
Petra Diamonds Mining Tanzania   2011 2012 2013 2014 2015

 

2011     2011 2012 2013 2014 2015 2016
Medanito, S.A. Oil & Gas Argentina 2011     2014    
Tullow  Oil Oil & Gas Ghana 2011 2012 2013 2014 2015 2016

 

2012     2012 2013 2014 2015
Kosmos Oil & Gas Ghana 2012 2013 2014 2015

 

2013     2013 2014 2015
Niko Resources Ltd Oil & Gas South Asia   2014 2015
Petroceltic International Plc Oil & Gas Egypt 2013 2014  
Transglobe Energy Corporation Oil & Gas Egypt 2013 2014 2015

 

2014     2014
Seven Energy International Ltd Oil & Gas Nigeria 2014

 

2015     2015 2016
PICO RBL Oil & Gas Egypt 2015 2016

 

2016     2016 2017
OT LLC Mining Mongolia 2016 2017

 

2017     2017
Vitol Oil & Gas Ghana 2017
CBG Mining Guinea 2017

 

IFC Royalty Share of Sasol Petroleum Temane Limitada, 2008 - 2010

IFC Royalty Share of Sasol Petroleum Temane Limitada, 2011 - 2015

 


IFC Oil, Gas and Mining clients that have not yet made material government payments, by year committed

 
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
 
 
2008
 
 
 
Baobab Reources
Mining
Mozambique
Early stage exploration
 
 
2009
 
 
 
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
 
 
2010
 
 
 
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
 
 
2011
 
 
 
Rialto Energy Ltd
Oil & Gas
Cote D'Ivoire
Early stage exploration
MBAC Fertilizer Corp (Itafos Project)
Mining
Brazil
Not in production yet

 

2015
 
 
 
Africa Oil Corp
Oil & Gas
Kenya
Early stage exploration
Cortes Farmin (Niko Farmin)
Oil & Gas
South Asia Region
Early stage exploration
President Energy
Oil & Gas
Paraguay
Early stage exploration
Tinka
Mining
Peru
Early stage exploration
Oyu Tolgoy
Mining
Mongolia
Early stage exploration
Eco Oro
Mining
Colombia
Early stage exploration
Peak Africa Mining (Ngualla)
Mining
Tanzania
Early stage exploration
Tiger Resources (Kipoi Copper)
Mining
Congo, Dem. Republic of
Early stage exploration
Roxgold (Yaramoko)
Mining
Burkina Faso
Early stage exploration

 

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, by year committed
 

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
 

 

2008
 
 
 
Punj Upstream
Oil & Gas
India
Oil services provider
 

 

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

 

Company
Sector
Country
Petrotesting
Oil & Gas
Colombia
Kappa
Oil & Gas
Colombia
Cairn India
Oil & Gas
India
Maple Energy
Oil & Gas
Peru
IPR
Oil & Gas
Egypt
Vostok Oil & Gas Russia
Melrose Resources Oil & Gas Egypt & Bulgaria
ROCH Oil & Gas Argentina
Candax Energy Inc Oil & Gas Tunisia
Lonmin Mining South Africa