News

Country moves to establish good governance before significant production 

On 25 January 2017, Lebanon announced its intention to join the Extractive Industries Transparency Initiative (EITI) with the aim of providing transparency and good governance in preparation for their first oil and gas licensing round. Speaking at a news conference, Minister of Energy and Water, Cesar Abou Khalil, said: ‘At the beginning of the new term, transparency is our main focus’.

EITI Report responds to pressing mining issues in the Philippines

With reforms underway, the recent publication of the 2014 Philippine EITI Report contains important findings on the mining sector’s contribution to the economy both at the national and local levels. It complements and informs other reviews of the sector.

Despite shrinking revenues, Zambia is tightening its tax systems

On 23 December 2016, Zambia published its EITI data for 2015 including details about the country’s legal and fiscal regimes, license allocation and registration, mineral sales and more. According to the report, revenues from the mining sector in Zambia fell back by 9% in 2015 from 2014 due to lower commodity prices and less production. A total of ZMK 9 billion (USD 1.05 billion) was collected in tax,

Mongolia’s 2015 EITI Report highlights impact and gaps in mining licensing

Amongst most tangible improvements in Mongolia’s oil, gas and mining governance during the ten years of EITI implementation has been in the management of mining licenses. Yet there is still room for fine-tuning the system, the country’s tenth EITI Report highlights.

Azerbaijan’s most recent EITI Report show the impact of oil price falls.

Azerbaijan has published its EITI data for 2015 including details about the country’s legal and fiscal regimes, license allocation and registration, contracts, oil sales by the State Oil Company of the Azerbaijan Republic (SOCAR) and more. [See more

First Validation concludes meaningful progress

Wednesday 11 January - Timor-Leste has made meaningful progress in implementing the EITI Standard. The international EITI Board reached this decision following the recently published EITI Validation report. Validation is the EITI’s independent evaluation mechanism. Having been compliant with the EITI Rules since 2010, this is the first time Timor-Leste is tested against the EITI Standard.

First Validation under the EITI Standard concludes meaningful progress, but more is needed.

Wednesday 11 January - Nigeria’s efforts to improve natural resource governance through the EITI Standard were recognised today by the international EITI Board. The recognition followed the recently published Nigeria EITI Validation report, as a result of which the EITI Board decided to extend Nigeria’s EITI membership. Validation is the EITI’s independent evaluation mechanism.

First Validation concludes meaningful progress, but more is needed.

Wednesday 11 January 2017 - Mongolia has made meaningful progress in implementing the EITI Standard. The international EITI Board reached this decision following the recently published EITI Validation report. Validation is the EITI’s independent evaluation mechanism.

View the full decision including the scorecard and supporting documentation

EITI highlights transparent management of oil, gas and mining sectors

Wednesday 11 January - The EITI Board has determined that Peru has made “meaningful progress” in implementing the EITI Standard. The international EITI Board reached this decision following a Validation that commenced on 1 July 2016. Validation is the EITI’s independent evaluation mechanism. Having been compliant with the EITI Rules since 2012,

As extractives revenues slump, Niger’s 2014 EITI Report shines new light on contentious issues.

Squeezed by lower commodity prices in the past three years, the importance of transparency in resource-rich countries like Niger has only grown. Amidst the global crunch, Niger’s EITI reporting starts to open up issues related to the management of their resources. 

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