However, the move was criticised by the British environmental NGO Global Witness, campaigning for greater transparency in the Angolan oil industry, as not going far enough.
Oil is Angola's largest revenue earner.
It is good that they are cooperating with the IMF and the World Bank, but that is the bear minimum that should be expected of them - in fact of all oil companies operating in Angola. TotalFinaElf stated that they had nothing to hide about what they are doing in Angola. In a letter dated 6 February to Global Witness, BP Group Managing Director Richard Olver said that it would be publishing data regarding its total net production in Angola, aggregate payments by BP to the state oil company Sonangol, and total taxes and levies paid by BP to the Angolan government. At least we have heard a response from TotalFinaElf - in comparison to the deafening silence from the rest.