After two years of rapid progress by the Armenia EITI Multi-Stakeholder Group (MSG) and national secretariat, the country’s inaugural EITI Report was launched in Yerevan on 30 January. The report is the first comprehensive review of the Armenian mining sector, providing the public with insight into the revenues generated by the country’s extractives sector, as well as information on production volumes, jobs and social spending generated,
North Sea production and revenues rise for the first time in three years
The United Kingdom is the world’s 22nd largest producer of oil and gas. In addition, it produces small amounts of coal, industrial materials such as kaolin and potash, and construction materials. Overall, the extractives sector contributed a gross value-added of almost USD 30 bn to the UK economy in 2016. According to the UK Office for National Statistics, 35,500 people are directly employed in the extractives sector,
The 2016 report confirms Trinidad and Tobago’s sharp decline in extractives revenues and draws attention to areas of concern including unpaid transfer licenses fees, unpaid payments from quarries, weak auditing practices in companies and government agencies, and poor production data.
Decline in revenues stresses the need for optimal revenue collection
On 11 May,
Establishing an evidence-based approach to reforms, in a land where rumours are rife.
In Albania, citizens are unaware of how much extractive companies have been paying and contributing to local communities.
EITI reporting revealed local government units (LGUs) have often not been receiving their statutory share of royalties. In the past,
Latest EITI Report gives clear status update on petroleum exploration in the island nation.
Fifteen years of oil exploration in São Tomé and Principe (STP) have so far resulted in more costs than income, according to the recently published 2015 STP-EITI Report. Recent activities in the Exclusive Economic Zone (EEZ) offer hope for a turn around,
Photo: Head of Papua New Guinea EITI Mr Lucas Alkan (right) being presented a gift by the leader of a civil society organisation in East Sepik Province after completion of an EITI Awareness Roadshow in the capital, Wewak in November last year.
Before Papua New Guinea signed up to implement the EITI Standard in 2013, there was no framework in place for disclosure of revenue streams from the country’s mining and petroleum sector.
Colombia and the Dominican Republic launch EITI Reports through innovative data portals and Mexico prepares to mainstream the EITI from the start.
Latin American countries are increasingly disclosing EITI data through innovative approaches that bring information on the extractive industries online in a more comprehensive, timely and user-friendly fashion.
On 28 November, the Dominican Republic presented its first EITI Report covering 2015.
The International Secretariat is providing a two-day workshop to th the Armenian EITI multi-stakeholder group. Program see attached below.