The lives of over a billion citizens could be transformed if their governments managed their oil, gas and minerals in a more open, accountable manner, according to the Resource Governance Index released...by the Revenue Watch Institute. The Index measures the transparency and accountability in the oil, gas and mining sector of 58 countries worldwide and finds that the vast majority surveyed fail to meet satisfactory standards in how their natural resources are governed...[T]he Middle East and North Africa...is the worst performing...Saudi Arabia ranks 48th out of 58...Afghanistan...performs poorly. U.S. companies invest heavily in the oil sectors of poorly rated countries like Angola...Qatar [is] ranked 54th out of 58. The Index also ranks 45 state-owned oil and mining companies and 23 natural resource sovereign wealth funds...Statoil, Pemex and Petrobras exhibit high rankings, while the national oil companies of Turkmenistan and Myanmar rank at the bottom.