More government involvement is needed to extend transparency in the governance of the oil and mining sector.
26 October 2017 - At its meeting in Manila, the Philippines, the EITI Board today commended Iraq’s efforts to bring transparency to its oil exports and encouraged the Government of Iraq to make progress on a number of other aspects of the sector. While recognising the difficulties under which Iraq was implementing the EITI,
EITI Board suspends the country noting in particular a recent deterioration in civil society space.
Today the international EITI Board agreed that Niger has made progress against key issues in the 2016 EITI Standard but that significant areas of concern needed to be addressed. Having been compliant with the EITI Rules since 2011, this is the first time that Niger has been assessed against the EITI Standard. Acknowledging the security challenges in the country, the EITI Board identified gaps,
Norway becomes first country to progress from EITI reporting to full systematic disclosure
25 October 2017 - The EITI Board today decided that Norway can proceed with ‘mainstreamed implementation’. The decision followed an application submitted to the EITI Board earlier this year. The Board’s decision means that from now on Norway will publish information about the petroleum sector on www.norskpetroleum.no rather than in an EITI Report.
Report highlights further opportunities to promote greater transparency and accountability.
25 October 2107 - Honduras has made “meaningful progress” in implementing the EITI Standard. Honduras joined the EITI in 2013, and has published information about the sector covering fiscal years 2012 to 2014.
Validation is the EITI’s independent evaluation mechanism. It assesses whether EITI implementation is in line with the EITI Standard, examines the impact of the EITI,
EITI Board recognises the Zambia’s meaningful progress in implementing the extractives transparency standard.
25 October 2017 – The EITI Board has declared that Zambia has made meaningful progress in ensuring transparent management of the extractives sector. The decision highlighted how the EITI in Zambia had “provided valuable information along the value chain, identified gaps and opportunities for strengthening monitoring of production,
Tanzania Extractive Industries Transparency Act (TEITA) 2015 mandates revenue and contract disclosures.
25 October 2017 –The EITI Board today recognised Tanzania’s meaningful progress in implementing the 2016 EITI Standard.
The Board affirmed Tanzania’s efforts to institutionalise extractive sector transparency by adopting the Tanzania Extractive Industries Transparency Act (TEITA) 2015, mandating revenue and contract disclosures.
Government, industry and citizens unite to promote transparency and accountability in the oil, gas and mining industries.
Wednesday 25 October - The EITI Board approved Mexico’s application to join the Extractive Industry Transparency Initiative (EITI) at its meeting in Manila on 25 October. The EITI is the global standard for the good governance of oil, gas and mineral resources.
25 October 2017 – The EITI Board today declared that Mozambique had demonstrated meaningful progress in implementing the EITI Standard. In making its decision, the Board took special note of Mozambique’s efforts to embed transparency provisions in the 2014 Petroleum and Mining Laws, which include provisions on contract disclosure, and the establishment of a public mining license cadastre. The Board encouraged the country to “implement this statutory openness through accessible,
Guyana is expected to become major oil producer in 2020s.
Wednesday 25 October: The EITI Board approved Guyana’s application to join the Extractive Industry Transparency Initiative (EITI) at its meeting in Manila on 25 October. Guyana became the latest country to implement the EITI, the global standard for the good governance of oil, gas and mineral resources.
Fredrik Reinfeldt, Chair of the EITI, said:
Ghana, Indonesia, Ukraine and United Kingdom also honoured
Chair of the EITI, Fredrik Reinfeldt, today announced the winner of the 2017 EITI Chair’s Award for Beneficial Ownership Transparency at the EITI ‘Opening Up Ownership Conference’ in Jakarta.
The winner was Kyrgyzstan for its new mining law, which requires companies to disclose their beneficial owners when they apply for a license. The law includes a clear definition of ownership,
