The global standard for the good governance of oil, gas and mineral resources.

The Extractive Industries Transparency Initiative

Opening Up Ownership: Africa – Harnessing the potential of the extractive sector

Knowing who owns the companies that operate in the oil, gas and mining sectors is key to strengthening natural resource governance. It has also proven to be important to improve the investment climate and promote responsible business conduct. Through the EITI and other global and regional efforts to tackle the challenges posed by hidden ownership, African countries are taking the lead in improving beneficial ownership transparency in extractives. This conference will engage various stakeholders from government, civil society and companies to seek a way forward on Beneficial Ownership in Africa.

EITI Progress Report 2018

A platform for progress

Key facts

  • 51
    implementing countries
  • 2.4
    trillion USD revenues disclosed in EITI Reports (estimates from 394 fiscal years)
  • 394
    fiscal years covered in EITI reporting

Improving transparency and governance along the value chain

The EITI is a standard by which information on the oil, gas and mining industries is published. The EITI is not a prescription for governance of the extractive sector, rather a tool that informs the way the sector is governed.

Natural resources, such as oil, gas and minerals should benefit all citizens. Implementation of the EITI ensures transparency and better management of the steps along this value chain, and is overseen by a multi-stakeholder group in each country.

The EITI Standard requires countries and companies to disclose information on the key steps in the governance of oil, gas and mining revenues: