Japan hosts conference on corporate involvement in the EITI

On 26 January the Government of Japan hosted the conference “Emerging Trends toward Responsible Natural Resource Development

In welcoming the 200 participants from mainly the mining and oil and gas industry, Mr Yoichi Otabe, Deputy Minister for Foreign Affairs, said that the EITI is a central issue when discussing responsible development of natural resources.

It is time for Indonesia to take the plunge on contract transparency

Indonesia’s natural resource history stretches back to its fabled spice islands. Moving forward several centuries to the 1960s, the nation introduced an innovative contract, now typical in the oil and gas sector, called a production sharing agreement (PSA). This type of agreement is currently used in many oil- and gas-rich countries, as a way for governments to obtain a share of the oil and gas produced.