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U.S. sticks to global transparency initiative after Congress repeal

Wednesday, March 22, 2017

The United States remains committed to the "principles and goals" of the global transparency initiative to fight corruption in managing revenues from oil, gas and mineral extraction, it said on Wednesday.

Azerbaijan risks gas pipeline loans by quitting transparency monitor

Friday, March 10, 2017

Baku reacts to suspension for failing to address civil rights concerns.

Drowning in Data – EITI in Kazakhstan Must Mean More

Monday, February 20, 2017

Kazakhstan is an implementing country in the Extractive Industries Transparency Initiative, and it recently published its 10th annual report, providing exhaustive details about the country’s oil, gas and mining sector and the revenues it earned in 2015.

Although they provide the public with a good overview of the industry, these detailed reports risk losing their purpose, unless the government can not only demonstrate its openness to communicating information, but also show that it takes accountability seriously. In Kazakhstan’s case, given its current economic predicament, it is important to ensure that every tenge counts.

Donald Trump signs a law repealing a disclosure rule for oil companies

Friday, February 17, 2017

Transparency initiatives such as this were just beginning to bear fruit

Campaigners fear Trump draft executive order could hit coffers of poor countries

Thursday, February 9, 2017

Draft order would sweep away regulations designed to prevent US extraction firms from making secret payments to access natural resources abroad

It is an oil-rich country with an impoverished populace, home to Africa’s longest serving dictator and a small, self-seeking elite whose excesses are epitomised by the president’s son and deputy, a playboy with a penchant for luxurious cars and crystal-studded Michael Jackson memorabilia.

Azerbaijan committed to improving transparency -SOFAZ director

Tuesday, December 6, 2016

Azerbaijan is committed to further improving transparency, the executive director of state oil fund SOFAZ said, in order to meet a key international benchmark that would make the country more attractive to foreign investors.

Trafigura reveals $33bn of state energy group deals

Monday, November 14, 2016

Trafigura, one of the world’s largest independent oil traders, has disclosed $33bn of direct deals with state-controlled producers during 2014 and 2015 — revealing for the first time the scale of its business with national energy companies

Oil Trader Trafigura Government Payments Fall to $14 Billion

Monday, November 14, 2016

Trafigura Group disclosed $14.2 billion in payments to governments in 2015, a 24 percent drop from the year before, as lower oil prices and sharply curtailed business with the Nigerian National Petroleum Corp. reduced spending.

For the first time, the figure included payments to all countries where the trading house does business, and not just those that are members of the Extractive Industries Transparency Initiative, a voluntary disclosure standard seeking to publish payments made by resource companies to governments in an effort to root out corruption.

At SLEITI’s beneficial ownership workshop …“There is need for the review of SLEITI’s legislature”- ACC Deputy Boss

Tuesday, November 8, 2016

At the Sierra Leone extractive industry transparency initiative (SLEITI) workshop on beneficial ownership and report on self assessment, the Deputy Commissioner of the Anti Corruption Commission (ACC), Shollay Davies said there was need for the review of SLEITI’s legislature.

Azerbaijan gas loans under threat after NGO ultimatum

Wednesday, October 26, 2016

Baku has four months to rewrite its laws on NGOs or be suspended from the Extractive Industries Transparency Initiative — a step that could jeopardise billions of dollars of loans for a gas pipeline linking Azerbaijan to Europe. The move highlights how the EITI, a voluntary, Oslo-based initiative, has taken on a significant role in pushing for political reform in autocratic Azerbaijan.

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