Chair of the EITI, Peter Eigen, discusses the status of the EITI and the new website.
Azeri Oil Fund The Extractive Industries Trasparency Initiative workshop “Towards EITI Conference in Oslo 2006” was held on August 31-September 1, 2006 in Bonn, Germany. Related URL
This newsletter contains country updates from Mongolia, Mauritania, Peru, Nigeria, Guinea, Cameroon and Azerbaijan.
News from IAG ChairmanMongolia launch conferenceMauritania to implement EITIPeru prepares EITI Action PlanNews from NigeriaProgress in GuineaEITI Implementation progress in CameroonWorkshop in CameroonDevelopment Grant FacilityNEITI Roadshow December 2005US Corporate Council for Africa discussionsAzerbaijan to release third report
31 Mar 2007, The Arab American News
Another urgent issue facing Yemen is rampant corruption. The Yemeni government has taken some important steps to combat corruption such as signing on to the Extractive Industries Transparency Initiative as well as issuing a new law controlling government tenders. A cabinet reshuffle in 2006 was a good step in establishing discipline within some ministries. However, the Civil Service Ministry, like the Water Ministry,
19 Jun 2007 Mr. Jose Carbajal, General Director of Social Management of the Ministry of Energy and Minas has been appointed as Head, Technical Secretariat for the Peruvian Working Committee of EITI. This measure will fortify the institutional framework of the implementation process providing a more stable and suitable platform.
To promote growth and reduce poverty, Directors emphasized that the medium-term policy agenda should include bold strategies to combat corruption-especially in the natural resources sector-privatize public enterprises, strengthen the judiciary, and reduce the regulatory burden on business. In that regard, Directors called for the effective implementation of the relevant laws to fight corruption, money laundering, and the financing of terrorism.
EITI Chairman, Dr.Peter Eigen will meet Indonesian authorities and executives at Pertamina. He will also address the National Parliament. We foresee this visit will lead to a fruitful engagement of Indonesia with the EITI. Dr.Eigen will be earlier attending the Transparency International Annual Meeting in Bali.
For the following 9 countries, the Board has asked for additional information by the end of 2007 before a decision about their candidate status can be considered: Chad, Democratic Republic of Congo, Equatorial Guinea, Madagascar, Republic of Congo, Sao Tome and Principe, Sierra Leone, Trinidad and Tobago, and Timor-Leste.
27 September 2007, Press Release, Norwegian Ministry of Foreign Affairs
“Norway wants to be at the forefront of the international effort to combat corruption. Our role as a driving force in the EITI is an example of this. Until now, Norway has given the initiative financial and political support. We will now implement the EITI Principles fully. We will ourselves do what we ask other countries to do.
OILY BRIEFS, By Bayo Adaralegbe, email:email@example.com://www.thisdayonline.com/nview.php?id=87507
The law sets up a very elaborate framework for revenue transparency and actually imposes criminal sanctions to ensure that accurate payments are made to government. In fact, it imposes criminal liability against companies and regulatory officers in respect of non-payment or underpayments of these revenues.