EITI Requirement 4.2 aims to ensure transparency in how governments are selling oil, gas and minerals:
“Where the sale of the state’s share of production or other revenues collected in-kind is material, the government, including state owned enterprises, are required to disclose the volumes sold and revenues received.”
According to this requirement, an SOE or other government agency in charge of marketing the state’s oil, gas and minerals must fully disclose the revenues that it collects from sales of such resources. This includes exports sales as well as sales to domestic buyers and refineries, and any other actors. This typically means that SOEs will disclose the volumes of commodities sold and the revenues received, broken down by buyer. In some countries, like Iraq, the buyers of the oil from the government also disclose how much they pay to the government, allowing for reconciliation of these figures.
EITI Requirement 4.2 also suggests further disclosures, notably “the type of product, price, market and sale volume”.