The Extractive Industries Transparency Initiative (EITI) is a global standard to promote the open and accountable management of oil gas and mineral resources.
The Standard seeks to address the key governance issues of the oil, gas and mining sectors.
The EITI Standard requires information along the extractive industry value chain from the point of extraction, to how the revenue makes its way through the government, to how it benefits the public. This includes how licenses and contracts are allocated and registered, who are the beneficial owners of those operations, what are the fiscal and legal arrangements, how much is produced, how much is paid, where are those revenues allocated, and what is the contribution to the economy, including employment. Discover how we are addressing these issues with our countries:
The EITI seeks to strengthen government and company systems, inform public debate and promote understanding.
In each of the implementing countries, the EITI is supported by a coalition of government, companies, and civil society.
The Standard is upheld by the international EITI Board.
Watch our video on the EITI:
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.
The EITI Standard requires countries and companies to disclose information on the key steps in the governance of oil, gas and mining revenues:
Countries who want to improve the way they manage their natural resources can apply for to become an implementing country. At first they would be a candidate. In order to become compliant with the Standard, they need to meet the requirements on transparency and accountability.
The International Secretariat of the EITI supports countries in implementing the EITI Standard. It is located in Oslo, Norway.
The Secretariat further serves the Board. It is responsible for this website. You can contact us via email@example.com.