Iraq

Candidate country Iraq's EITI Website Overview of the Extractive IndustriesAt the end of 2008, Iraq had 115 billion barrels of proven oil reserves, making it the country with the third largest reserves in the world with 11% of the world’s total proven oil reserves. The country also has over 3 trillion cubic meters of  gas reserves.  The oil and gas sector accounts for two-thirds of Iraq's GDP and over 90% of its public revenues.Status of EITI ImplementationIraq was accepted as an EITI Candidate country by the Board on 10 February 2010. It has until 9 February 2012 to undergo EITI Validation. Iraq first announced its intent to implement the EITI early 2008 and Deputy Minister Mr Barham Salih met with EITI Chairman Peter Eigen in Baghdad in October 2008. Following this meeting, Minister of Oil, Hussein Al-Shahristani  reiterated the government's commitment to the EITI during the Global Conference in Doha in February 2009. The Iraq EITI (IEITI) Launch Conference took place on 9-10 January 2010. A workplan was endorsed by all stakeholders at the Launch Conference and is available at the IEITI website. Oil and gas in Iraq is 100% state-owned. The EITI in Iraq will therefore focus at first on disclosing the revenues from oil export sales and reconciling these revenues with the figures that international oil buyers report to have paid for the oil. In the future, it is planned that the scope will include domestic sales, signature bonuses and non-cash oil exports.Governance of EITI implementationA National Secretariat has been established within the Inspector General's Office at the Ministry of Electricity. Ten persons will work at the Secretariat which is headed by the Inspector General, Mr Alaa El-Deen.A multi-stakeholder Iraqi Stakeholders Council was announced during the IEITI Launch Conference. The Council will have fourteen representatives including the IEITI Chair, the  Secretary of the IEITI, four government representatives, four company representatives and four representatives from civil society. The representatives will be announced shortly.IEITI ChairpersonThe General Secretary of the Iraq Council of Ministers, Hon Ali Al-Allaq has been appointed as the IEITI Chair.IEITI National CoordinatorThe Inspector General in the Ministry of Electricity, Mr Alaa El-Deen has been appointed as the head of the IEITI Secretariat and will provide the day-to-day support to the EITI process in Iraq.Mr Alaa El-DeenInspector GeneralMinistry of ElectricityE-mail: aldeen57 [at] msn [dot] com Companies operating*International oil & gas companies: BP*, CNPC, ENI*, Exxon*, Gazprom, Japex, Kogas, Lukoil, Occidental, Petronas, Shell*, Sonangol, Statoil*, Total*, TPAO.State-owned oil & gas companies: North Oil Company, South Oil Company, Maysan Oil Company, Midland Oil Company, Iraqi Oil Exploration Company.*EITI Supporting company* Note: Company list based on EITI research and is not conclusive

At the Iraq Compact Review Conference 29 May 2008, Iraqi Deputy Prime Minister Barham Salih said: "The Government has also committed to join the Extractive Industries Transparency Initiative (EITI)." Jonas Moberg, Head of the EITI International Secretariat, welcomed Iraq's commitment to implement the Extractive Industries Transparency Initiative, and made the following statement:

The Government of Iraq has formally committed to implement the EITI making it the single largest country in terms of proven oil reserves (11% of world’s resources) to do so.