December 29, 2014
On Nov. 3, police arrested two top officials at the state-owned Tanzania Petroleum Development Corp. for failing to share with parliament oil and gas contracts the government had signed with investors. The oil agency’s acting director general insists he is bound by confidentiality agreements not to release the production-sharing agreements governing huge new natural gas deposits.
“Transparency of contracts is fundamental for ensuring proper management of natural resources,” Zitto Kabwe, chair of the parliamentary committee, said in demanding the agreements’ release. “Without transparency, no accountability.”
Tanzania’s troubles have a simple answer: Proactively release government contracts. That change, which is now being adopted by a growing number of countries around the world, will undoubtedly improve the quality of contracting and promote trust in government.