The following is an archived copy of a message sent to a Discussion List run by the Campaign Against Sanctions on Iraq.

Views expressed in this archived message are those of the author, not of the Campaign Against Sanctions on Iraq.

[Main archive index/search] [List information] [Campaign Against Sanctions on Iraq Homepage]

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[casi] Iraq Revenue Watch

About Iraq Revenue Watch

In an effort to ensure that Iraqi oil revenues are managed in a
transparent manner, Open Society Institute Chairman George Soros has
launched a new initiative called Iraq Revenue Watch.

Iraq Revenue Watch will monitor Iraq's oil industry to ensure that it
is managed with the highest standards of transparency and that the
benefits of national oil wealth flow to the people of Iraq. Iraq
Revenue Watch complements existing Open Society Institute initiatives
that monitor revenues produced by the extractive industries.

In many parts of the world, the lack of proper stewardship over oil
resources has resulted in corruption, the continued impoverishment of
populations, and abuses of political power. By prompting governments
to tackle these problems early, before U.S. management of the Iraqi
oil industry becomes a reality, the Open Society Institute hopes to
help Iraq avoid this plight.

The Open Society Institute currently supports a recently launched
initiative, Caspian Revenue Watch, which monitors the development of
oil production in the Caspian basin. The goal is to promote
transparency, accountability, and public oversight in the management
of oil and natural gas revenues.

Iraq faces even greater challenges than the Caspian region. If Iraq
is to become an open, democratic society it will need to develop
transparent accountable institutions for ensuring honest management
of oil revenues.

There is an urgent need for Iraq Revenue Watch given the current
occupied status of the country. The United States should establish
rules that ensure complete transparency regarding Iraqi oil revenues.
So doing will foster a stable, democratic Iraq, and will protect the
United States from charges of misappropriation during this period of
trusteeship over Iraq's oil industry.

To contact Iraq Revenue Watch, write to

The Central Eurasia Project
Iraq Revenue Watch is a program of the Central Eurasia Project of the
Open Society Institute. The Central Eurasia Project was created in
1996. The Central Eurasia Project is a policy center, grantmaking
program and foundation liaison hub. Through its daily news and
information website EurasiaNet, its Open Forum meetings series, the
Eurasia Policy Forum generates policy ideas and advocacy. Its
grantmaking program supports efforts on behalf of human rights and
freedom expression for the Caucasus and Central Asia region. And it
is OSI's principal liaison with Soros Foundation network activities
of the national foundations in Armenia, Azerbaijan, Georgia,
Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan and
Uzbekistan. Finally, in the context of OSI's geographic expansion,
the CEP has been tasked with developing new foundation activities in
the Middle East. As such it oversees grantmaking relating to Iran,
the OSI office in Turkey and exploration of new initiatives more
broadly in this region.

The Open Society Institute
The Open Society Institute (OSI) is a private operating and
grantmaking foundation that develops and implements a range of
programs in civil society, education, media, public health, and human
and women's rights, as well as social, legal, and economic reform.
Established in 1993 by investor and philanthropist George Soros and
based in New York City, OSI is at the center of an informal network
of foundations and organizations active in more than 50 countries

Sent via the discussion list of the Campaign Against Sanctions on Iraq.
To unsubscribe, visit
To contact the list manager, email
All postings are archived on CASI's website:

[Campaign Against Sanctions on Iraq Homepage]