The Government of Iraq has formally committed to implement the EITI making it the single largest country in terms of proven oil reserves (11% of world’s resources) to do so.
Noori Al-Maliki, Prime Minister of Iraq has announced that Iraq will hold their EITI launch conference in Baghdad on 10-11 January 2010, with the intention of assisting the country to meet its EITI candidature requirements before the Oslo Board meeting in February.
BAGHDAD, 10 JANUARY 2010. Noori Al-Maliki, Prime Minister of Iraq today announced Iraq’s plans to implement the Extractive Industries Transparency Initiative (EITI) at the Iraqi EITI launch conference in Baghdad. Iraq plans to become an EITI Candidate country in February.
The Iraq Extractive Industries Transparency Initiative (IEITI) hosted a seminar for all its oil operators and buyers in Dubai on 6-7 June. Around 20 companies from Asia, Europe, America, and Africa, participated in the seminar which, for many of them, was a first introduction to the EITI process.
Iraq has disclosed detailed information about the US$ 41 billion in revenue it received from oil and gas exports in 2009. Iraq’s disclosure of the figures follows the country’s commitment to the EITI standard, the global standard for transparency of resource revenues. The revenues
The EITI Board today (12 December) declared Iraq and Tanzania 'Compliant' with the EITI Standard. There are now 18 countries that are 'EITI Compliant'. EITI compliance means that the country has an effective process for annual disclosure and reconciliation of all revenues from its extractive sector.