Media advisory

Reforming data collection for improved governance

Extractive revenue reaches record high of USD 1.3 billion.

Iraq’s oil production up whilst revenue goes down.

State-owned companies retain 49% of revenues according to first MEITI report

Petroleum Fund provides cushion as oil revenues and production drop

The Government received a record USD 2 billion in 2014, despite falling commodity prices

Despite lower revenues the second PH-EITI Report blazes new trails in monitoring and reform of mining revenues.

Payments from extractive companies reaches USD 1 billion for the first time in 2014.