Hedged prices reduce mineral revenues

Sunday, September 1, 2013

A report by the Ghana Extractive Industries Transparency Initiative (GHEITI) says government must peg mineral royalties to spot gold prices instead of hedged gold sales, since the latter causes revenue losses to the state.

Nigeria Earns N2.7 Billion Extra Daily As Oil Price Jumps Over Syria Strike Fears

Friday, August 30, 2013

Nigeria should be drawing an extra N2. 7 billion in daily oil export revenues since the last one week and the amount should climb more in days ahead, as fears over a US-led military strike on Syria escalates oil prices.

Theft and disruptions knock Nigeria oil output to four-year low

Monday, August 26, 2013

Nigeria's oil production has been suffering major disruptions in the past four years. Xan Rice elaborates on the topic.

Petroleum to the People

Sunday, August 25, 2013

Larry Diamond and Jack Mosbacher discuss the resource curse in Africa and propose ways to avoiding it.

EAEF moves to oppose Soma Oil and Gas deal

Wednesday, August 14, 2013

The Federal Government of Somalia's recent deal with Soma Oil and Gas is facing heavy opposition from EAEF.

Put Africa's resources to efficient use - Dr Aryee

Tuesday, August 13, 2013

A former Chief Executive Officer of the Ghana Chamber of Mines, Dr Joyce Aryee, has challenged African leaders to put the continent's natural resources to efficient use.

Proffering solutions to crude oil theft

Wednesday, August 14, 2013

The media was awash with reports on crude oil theft which has assumed an unprecedented dimension in recent times and has continued to impact very negatively on the potentiality of the nation’s oil and gas industry as a major revenue source of the country.

Ghana: Mineral Development Fund Bill Soon - Minister

Monday, August 12, 2013

Mr Inusah Fuseini, Minister for Lands and Natural Resources yesterday hinted government's readiness to present the Mineral Development fund bill for Cabinet consideration in the coming weeks.

Myanmar EITI application on track for December

Saturday, August 10, 2013

Myanmar is expected to begin the formal process of joining the Extractive Industries Transparency Initiative by the end of this year, several sources said earlier this month.

Nigeria: Audit Report - PPPRA Advises Neiti to Stop Confusing Public

Thursday, August 8, 2013

The Petroleum Products Pricing Regulatory Agency, PPPRA has appealed to the Nigeria EITI to desist from confusing the public further on its audit report which said that the PPPRA should remit N4.423 billion to the Federal Account.