EITI Report

Iraq has disclosed detailed information about the US$ 41 billion in revenue it received from oil and gas exports in 2009. Iraq’s disclosure of the figures follows the country’s commitment to the EITI standard, the global standard for transparency of resource revenues. The revenues are published in Iraq’s first EITI Report, which detailed production figures and revenues from the sales of oil abroad in 2009.

Every country that is implementing the EITI standard publish EITI reports disclosing how much revenue governments actually receive from the exploitation of natural resources. In the EITI Report, companies disclose what they have paid in taxes and royalties, and the government discloses what is has received. These two set of figures are compiled and reconciled by an independent reconciler, chosen by the EITI multi-stakeholder group in each of the countries.

In October 2011, Mauritania published its fourth EITI Report disclosing the revenues from mining and oil companies for 2009. The government reported receiving US$191 million from the oil, gas and mining sectors, and companies reported paying US$195 million. The mining sector continues to grow steadily. The country is Africa's second largest producer of iron ore. Exports of iron ore, gold and copper accounted for 64 % of total exports in 2009.

In June 2011 Mongolia published its fourth EITI Report covering payments and revenues from its oil and mining sectors in 2009. According to the report, the government of Mongolia received US$ 516 mn in taxes and other payments from extractive companies. The mining sector accounts for 96 % of these revenues. The difference between the amount which the government confirms to have received and the amount which the companies declare to have paid is approximately US$ 40 000 for the year 2009. 

On 9 August 2011 Kyrgyzstan published its third EITI report covering company payments and government revenues from the oil, gas, and mining industries in 2009. According to the report, the government of Kyrgyzstan collected US$ 96,241,362 in taxes and other charges. 26 companies disclosed their payments in the report. Tax payments by these companies represent 6.8% of total government tax revenue, an increase of 64% over the previous year.

On 11 June 2011 the Mali government published its second EITI report, renewing at the same time its commitment to ensure transparency in revenues accrued by the mining sector in Mali. The report revealed payments to the government by extractive companies as well as the revenues received by the government for the years 2007 and 2008. The government of Mali has declared receiving US $291 mn in 2007 and US$ 286 mn in 2008 from nine gold companies.

Azerbaijan was one of the first countries to implement the EITI and recently issued its 14th EITI Report. During the Caspian oil and gas conference in Baku 6-7 June 2011, HE Ilham Aliyev, the President of Azerbaijan Republic committed to the continued push for transparency and implementation of the EITI. File:  Statement of the Azerbaijan National Commission on EITI.pdf Statement of EITI NGO Coalition in Azerbaijan_June 08_2011.pdf

Albania has published its first EITI report on government revenues and company payments made in 2009 from the country’s oil, gas, and mining sector. Total government revenues reported amount to US$ 33 million in 2009. In addition to the National Oil Company, Albpetrol, all the other eight companies operating in Albania’s expanding oil and gas sector reported. Of these companies only two were in the production phase, the remaining six were still in the exploration phase during the period covered in the report.

Burkina Faso has produced its first EITI report which discloses mining revenues in 2008 and 2009. The report represents a significant effort from stakeholders in the country and exceeds the minimum EITI criteria in several ways. Financial data is disaggregated by company and payment type, providing a nuanced account of revenue inflow. Important recommendations on data collection and reporting by companies and government entities are also offered.

The EITI is pleased to welcome Kinross as the an EITI Supporting Company. Kinross is a Canadian-based gold mining company with mines and projects in Brazil, Canada, Chile, Ecuador, Ghana, Mauritania, Russia and the United States, employing approximately 7,500 people worldwide.