Every country that is implementing the EITI standard publish EITI reports disclosing how much revenue governments actually receive from the exploitation of natural resources. In the EITI Report, companies disclose what they have paid in taxes and royalties, and the government discloses what is has received. These two set of figures are compiled and reconciled by an independent reconciler, chosen by the EITI multi-stakeholder group in each of the countries.
"Extracting Data" is an overview of 74 EITI Reports that have been published by 30 September 2011. It compiles key information such as total government revenues and companies payments from EITI Reports published in 29 countries. “Extracting Data” reveals that at the peak of the commodity boom in 2008, oil producing countries such as Norway saw a record US$ 71 billion in government revenues from the oil and gas sector. Nigeria and Kazakhstan received US$ 59 billion and 26 billion respectively in the same period. Azerbaijan reported in-kind payments as part of their production sharing agreements in addition to US$ 3.8 billion cash revenues. Government revenues in Timor-Leste dropped by 30% between 2008 to 2009, from US$ 2.5 billion to 1.7 billion, highlighting both the countries dependence on the oil sector and the volatility of its revenues.
When citizens can see how much their governments are being paid for their natural resources, they can use the figures in EITI Reports to hold their governments and companies to account.
The largest revenues streams through which governments are collecting taxes from the extractive sector have been highlighted. Depending on their particular interest, readers can do their own analysis of trends over time as well as cross country comparison of government revenues and companies payments for similar commodities.
The final version of the report will be published by the International Secretariat by early 2012.