News

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. 

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.

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.

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.

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