Norway has applied for EITI Candidate status

[img_assist|nid=549|title=|desc=|link=none|align=right|width=150|height=109] Norway submitted its application to become an EITI Candidate country on 18 December 2008. Subject to EITI Board, Norway will become the first OECD country to become an EITI implementing country. Terje Riis-Johansen, Norwegian Minister of Oil and Energy said "By now moving from supporting the EITI to also implementing it, we hope to contribute towards the EITI becoming the globally recognised transparency standard for the extractive industry."

Jonas Moberg, Head of the EITI International Secretariat, based in Oslo said: "By implementing the EITI, Norway has reaffirmed its leadership in promoting transparency in resource revenue management.  I hope other OECD and emerging economies will follow this lead."

A group of stakeholders from companies, government and civil society has been formed that has agreed a workplan for how Norway will implement the EITI. In the application letter from The Norwegian Ministry of Oil and Energy, it is explained that Norway is in the process of drafting regulation that mandates EITI reporting: "According to the draft regulation, companies and government agencies will start to report by August 2009." The Norwegian application follows from its announcement to implement the EITI in the fall of 2007.