Publication Type: 
Guidance note
Published Date: 
May, 2017

Guidance Note: EITI Requirement 4.2 (first trades)

Reporting on first trades in oil

This guidance note refers to the 2016 EITI Standard

Download PDF in English

Download reporting template in excel (direct download)

Summary

This guidance note is the first effort by the EITI Working Group on Transparency in Commodity Trading to assemble guidance on ‘first trade’ reporting in oil. The guidance has three intended audiences: first, the EITI MSGs in implementing countries that will determine their respective country’s approach to reporting in this area; second the governments and SOEs that sell commodities, which can opt to directly disclose further information about these transactions; and third, buying companies who can use the guidance to inform their own reporting, or draw on it to achieve compliance with EITI MSG set reporting requirements in EITI implementing countries where they execute sales.