The Board agreed to the establish the pilot project on transparency in commodity trading.

The EITI Board agreed to establish a pilot project on transparency in commodity trading. Details are found in the draft Terms of Reference for the pilot project in Annex A.

The objective of the pilot is to promote innovative approaches of reporting on revenues from the sale of the state’s share of production, including reporting by product, price, market and sales volumes, as well as where possible reconciling such data with data reported by buying companies.

Further information on the working group on transparency in commodity trading is found in the Board paper 34-4-B, linked below.