This factsheet provides a two-page introduction to the Extractive Industries Transparency Initiative (EITI).
State participation and state-owned enterprises
This guidance note refers to the 2019 EITI Standard
State-owned enterprises (SOEs) play important roles in exploiting natural resources and managing the extractive sector. While some are commercial or operational companies —selling crude oil or raw minerals, managing state equity or participating directly in extractive operations — others are regulatory or administrative entities or instruments of economic or state development.
These reporting guidelines are for use by companies buying oil, gas and minerals from governments to inform their disclosures on payments to governments in their own company reports. They aim to ensure the consistent disclosure of payments to the state or state-owned enterprises (SOEs) where:
Oil, gas or minerals are being sold on behalf of the state,EITI requirements are applicable and relevant, orThere is commitment to transparency in commodity sales.
This paper is the result of research and a comprehensive review and interrogation of how the EITI and Open Ownership work. It has benefited from the engagement of a wide range of stakeholders from both organisations, and key global and local partners. The process included interviews with experts and government implementers of beneficial ownership transparency, both at the international and country level.
Solicitud de expresión de interés: Consultor responsable por la elaboración del Informe flexible de EITI Argentina
Para la elaboración de su informe EITI 2018, el grupo multipartícipe de Argentina (GMP) ha decidido adoptar el enfoque de mayor flexibilidad ofrecido por el Consejo Internacional de EITI como respuesta a la pandemia del Covid-19. A su vez, el GMP también ha optado por contratar un consultor con la asistencia del Secretariado Internacional de EITI, quien está apoyando al país en la preparación de dicho informe y la adopción de las medidas de flexibilidad correspondientes.
Request for expression of interest: Consultant responsible for writing the EITI-Argentina Flexible Report (fiscal year 2018)
For preparation of its 2018 EITI Report, the Argentina MSG has decided to adopt the Flexible EITI reporting approach offered by the EITI International Board in response to the Covid-19 pandemic. In turn, the Argentinean MSG has also decided to recruit a consultant, with the assistance of the International Secretariat, which is supporting the country in its preparation of their first Report and the adoption of the corresponding flexibility measures.
This document is a model Terms of Reference (TOR) for EITI reporting, in accordance with the EITI Board’s decision on 25 May to allow more flexibility in recognition of the challenges posed by the COVID-19 pandemic.
Through this Board decision, the EITI introduced flexible measures for EITI Reports published in 2020, where data collection and dissemination is feasible without posing health risks and subject to MSG endorsement. The TORs set out the work to be undertaken by the MSG and the national secretariat.
The 47th EITI Board meeting was held virtually on 16-17 June.
Agenda in English and in French (see below).
Minutes in English and in French (see below).
Decisions taken at the Board meeting can be found here
Find an overview of all Board meetings here
Any queries regarding the 47th Board meeting should be addressed to: Secretariat@eiti.org
The International Secretariat has developed two beneficial ownership model declaration forms (download here) to support the implementation of Requirement 2.5 of the EITI Standard, which implementing countries can consider using. These are:
On 11 September 2020, Seychelles was found to have made meaningful progress with considerable improvements in implementing the 2019 EITI Standard.
Timeline of Validation and related materials1 April 2020: Validation commencedSecretariat assessment & comments10 June 2020 - Draft Secretariat assessment [English]17 July 2020 - Comments from the MSG [English]DATE - Final Secretariat assessment [English]Validation Committee and Board review4 September 2020 - VC Recomme