Disclosure of contract and license in the extractive industry sector, especially in oil, gas and mining are mandatory thing. Firstly, they are important to trace the income flws from extractive industry sector, and also to secure social and environmental justice. Contract and licensing documents of extractive industry sector always involve public resources and become the basis of many public policies for its fical, social, and environmental aspects. So the public has the right to know and aware of the content of those documents. Secondly, the disclosure publicly contribute to the decreasing of corruption practices usually done by government and companies collusion.
Thrdly, contract and licensing documents have been published by many countries in the world, at least 29 countries of them, such as Colombia, Ghana, Guinea, Iraq, Liberia, Peru, Timor-Leste, Philippines and United States. Even extractive companies like Rio Tinto, ExxonMobil, British Petroleum, SOCAR, Amaco, Lukoil, Elf and Statoil, Tullow Oil, and Kosmos Energy did so. Supports for publicizing the documents also come from international institutions like World Bank Group’s International Finance Corporation (IFC), International Monetary Fund (IMF), and the International Bar Association.
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