News

Today the international EITI Board agreed that the Republic of Congo has made meaningful progress in implementing the 2016 EITI Standard. The Board noted challenges related to space for civil society and encouraged all stakeholders to work together to improve and preserve the space dialogue and informed public debate.

With rising oil production, the Republic of Congo’s economy remains highly dependent on crude oil production, which accounted for 22% of GDP,

29 June 2018 – The EITI Board today decided that Ukraine has made meaningful progress in implementing the EITI Standard. In making its decision, the Board highlighted how the Government of Ukraine and the Multi-Stakeholder Group (MSG) have made progress “in strengthening the governance of the extractive industries by providing timely and publicly accessible information on the revenues from mining, oil and gas,

The EITI Board highlighted the impact EITI implementation has on national priorities such as license allocation and subnational transfers in the mining sector.

29 June 2018 – The EITI Board announced that Madagascar has made meaningful progress overall in implementing the EITI Standard.

EITI Madagascar has had a significant impact on the governance of the extractive sector and overcome funding and capacity challenges.

The EITI Board congratulated Cameroon on its achievement, noting that the EITI has brought valuable information to the public domain, including through publications of its national oil company, SNH.

29 June 2018 – The EITI Board declared today that Cameroon has demonstrated meaningful progress in implementing the EITI Standard. In making its decision,

The EITI Board commends São Tome and Principe (STP) for its continued commitment to improving transparency in petroleum operations and revenue management ahead of any potential production.

29 June 2018 – São Tome and Principe was today assessed as having made meaningful progress in meeting the EITI Standard. In making its decision, the EITI Board acknowledged the significant efforts of STP in addressing its corrective actions raised from the first Validation – the EITI’s quality assurance m

EITI-Colombia has published verified revenue information, shone a light on revenue distribution to regions and started to tackle challenges in environmental regulations.

Colombia was assessed today as the first country in the Americas to meet all the requirements of the EITI Standard. The EITI Board reached that decision in its meeting in Berlin today. The Board found that Colombia had demonstrated satisfactory progress in all requirements of the EITI Standard.

The EITI Board today approved the Netherlands’ application to join the EITI.

The Netherlands has been closely involved with the EITI since its inception, and has now made the transition to being both a ‘supporting’ and ‘implementing’ country.

The Netherlands’ admission to the EITI is timely, as it faces changing circumstances in its gas sector. The Groningen gas field in the north-east was discovered in 1959, and is one of the largest gas fields in the world.

The country currently has limited activity in mining at this time and has decided to withdraw

The Solomon Islands withdrew from the EITI due to limited activities in the country’s extractive sector. In a letter addressed to the EITI Board, Solomon Islands’s Deputy Prime Minister for Finance and Treasury, Manasseh Sogavare, said that while the Solomon Islands government remains committed to implementing the Principles of EITI,

President Bio launches review of mining sector.

Newly-elected President of Sierra Leone Julius Bio set out his national agenda on natural resources during his ‘State of the Nation’ address on 10 May 2018. Among his priorities is a review of the mines and minerals act of 2009 and the mining lease agreements, enactment of the Extractive Industry Revenue Bill and the establishment of a Natural Resources Account for all revenues generated from extractives. “My government”, President Bio added,

North Sea production and revenues rise for the first time in three years

The United Kingdom is the world’s 22nd largest producer of oil and gas. In addition, it produces small amounts of coal, industrial materials such as kaolin and potash, and construction materials. Overall, the extractives sector contributed a gross value-added of almost USD 30 bn to the UK economy in 2016. According to the UK Office for National Statistics, 35,500 people are directly employed in the extractives sector,

Pages