The launch of Norway's first EITI Report on Thursday 21 January was welcomed by Revenue Watch Institute, the Norwegian Ministry of Petroleum and Energy, and reported by amongst others the weekly oil newspaper Upstream.
Norwegian Minister of Petroleum and Energy Terje Riis-Johansen said, "Oversight of the revenue flows in the petroleum sector is important because these resources are crucial for the Norwegian employment and welfare. I am pleased that the report confirms that we have in place good control and auditing systems and have transparency in monetary flows. When one sees the sheer amount of values we are talking about, one understands that oversight and transparency are important."
Karin Lissakers, Director of Revenue Watch, said, "Norway has long been seen as a model resource rich country for its support of transparency and accountability. Today, the country continues its tradition of setting a high standard for responsible resource revenue management."
The report itself can be downloaded from the Norwegian Ministry of Petroleum and Energy.
For further information about the Norwegian implementation of the EITI, contact Anders Tunold Kråkenes at the EITI International Secretariat.
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