Think WIDER Webinar: Corruption and theft in the global oil and gas sector

Estimates of global foreign bribery suggest that 20% of transnational bribes are linked to the extractive sector. Corruption is prevalent in the oil, gas, and mining industries. Another often overlooked issue in the extractives sector is organized theft. At USD 133 billion annually, oil is the largest stolen natural resource globally, while fuel is the most smuggled natural resource.

This one-hour event shares research findings and policy recommendations on these topics that have major implications for extractive abundant countries in the developing world, their revenues, and their prospects for achieving the Sustainable Development Goals (SDGs).

Findings from the research are presented by Etienne Romsom (EnergyCC) and Giovanna Marcolongo (Bocconi University). Steve Kayizzi-Mugerwa, Senior Consultant and Researcher at Zziyika and Associates LLC joins as a discussant. The event is chaired by UNU-WIDER Non-Resident Senior Research Fellow Tony Addison, Professor of Economics, Development Economics Research Group, University of Copenhagen.

Register here for the webinar