The Chairman of the Extractive Industries Transparency Initiative (EITI) Clare Short held a meeting with representatives of non-governmental organizations and independent media in Baku.
It is now close to a decade since the first commercially viable oil deposits were confirmed in Uganda. But the wait for the country’s first oil barrel is still on, much to the chagrin of oil companies on the local scene.
Penplusbytes in partnership with the Natural Resource Governance Institute (NRGI) is organising a twelve-day training programme in Accra on the extractives sector for 24 journalists from Ghana, Uganda and Tanzania.
A visiting Mongolian delegation comprised of government, industry and civil society active in the petroleum and mining sectors shared their experience in implementing the EITI with their Cambodian counterparts at a workshop in Phnom Penh yesterday.
NEITI presented two independent audit reports in June 2014. These were the 2007-2011 Fiscal Allocation and Statutory Disbursement Audit and the Solid Minerals Audit reports.
NEITI is seeking an amendment to its laws that would allow it double civil money penalty on mining, oil and gas companies for providing false information regarding volumes of production, sales and income.
Lower commodity prices are hurting revenues in resource-rich Asia-Pacific countries. Sound fiscal regime and improved tax administration capacity can help reduce impact of revenue losses.
The Canadian Extractive Sector Transparency Measures Act1 (the Act) came into force on June 1, 2015. The purpose of this legislation is to implement Canada’s international commitments to fight corruption in the extractive industries.
Following five decades of rule by socialist and military governments, under which the country became one of the least developed countries in the world, a new chapter of Myanmar’s engagement with the international community was opened in March 2011.
The government has announced a new approach of involving a team of multi-disciplinary professionals in drafting and negotiating contracts in the extractive industry to ensure the country benefits efficiently from its natural resources.
