News

'Trust is one of the most critical factors for success.'

Sep 26, 2018

EITI Secretariat

Sven works as a program manager for the World Bank’s Extractives Global Programmatic Support (EGPS) Multi-Donor Trust Fund, which supports developing countries govern their oil, gas and mineral resources in a sustainable and transparent manner to reduce poverty and boost shared prosperity. We spoke with Sven on the sidelines of the EITI’s gathering of partner organisations, dedicated to discussing priorities for strengthening extractive industry governance, which was held in Oslo in September 2018.

Ukraine passes extractive industries transparency law based on best practice from EITI and EU

Sep 20, 2018

EITI Secretariat

Reform

Ukraine’s national parliament passed the widely-backed Law 6229 ‘On ensuring transparency in extractive industries’ on 18 September 2018. The new legislation sets out legal principles for the collection, disclosure and dissemination of data on Ukraine’s extractive industries. It is hailed by campaigners as a milestone on the road to transparency and accountability in the country’s oil, gas and mining sector.

'Modelling is incredibly important to the management of extractive resources'

Sep 19, 2018

Anton Rühling

Faces of transparency

Anton works as a programme manager at Open Oil in Berlin, where he oversees the development of open data applications, including the contract and concession repository, the Aleph search engine to data mine corporate disclosures (which contains 3 million compliance documents from extractives companies), and the mapping of corporate networks. We spoke with him on the sidelines of the EITI’s gathering of partner organisations,

EITI Board suspends Liberia for not publishing EITI report on time

Sep 6, 2018

EITI Secretariat

Government encouraged to bring implementation of the EITI back on track.

The EITI Board decided on 4 September 2018 to suspend Liberia for not having published the EITI report for the fiscal period ending June 2016 within the 1 July 2018 deadline. The decision followed a request by the Government of Liberia to extend the reporting deadline, set by the EITI Standard. The Board found that the request did not meet the criteria for granting an extension.

Iraq: citizens in oil producing regions demand a bigger share of revenues

Aug 28, 2018

EITI Secretariat

In the midst of violent protests and political uncertainty, Iraq announces highest crude oil production and export levels in over a year.

Crude oil production in the Iraq hit a 13-month high in July at 4.5 million barrels per day (bpd), according to data provided by the Iraqi State Oil Marketing Organization (SOMO) on 9 August 2018. Crude exports are also at their highest level since January 2017 at 3.9 million bpd, up by 25,000 bpd since last month.

EITI International receives top rating from financial transparency watchdog

Jul 17, 2018

EITI Secretariat

funding

The EITI’s International Management* has been awarded the five-star rating for fully disclosing the sources of its funding, for the second time in a row.

The accreditation comes from transparify, an organisation that rates the extent to which think tanks and other non-for-profit organisations publicly disclose through their websites where their funding comes from.

The Republic of Congo has made meaningful progress in implementing the EITI

Jun 29, 2018

EITI Secretariat

Validation

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,

EITI as an ‘entry point’ for in-depth reforms in Ukraine

Jun 29, 2018

EITI Secretariat

Validation

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,

Madagascar recognised as having made meaningful progress against the EITI Standard

Jun 29, 2018

EITI Secretariat

Validation

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.

Cameroon recognised as making meaningful progress against the EITI Standard

Jun 29, 2018

EITI Secretariat

Validation

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,

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