GOXI

sharing in governance of extractive industries

EITI's Blog (156)

A 2018 end-of-year message from EITI chair Fredrik Reinfeldt

Written by Fredrik Reinfeldt

2018 was an eventful year for the EITI. Over USD 150 billion in extractives revenues was disclosed by the EITI countries in total, and over half of EITI’s 51 implementing countries were assessed against the Standard, of which Colombia, Mongolia, Senegal and Timor-Leste reached the highest level of progress. Efforts to tackle hidden ownership, corruption and mismanagement in the extractives advanced, as EITI countries raced ahead, with new…

Continue

Added by EITI on December 21, 2018 at 11:30 — No Comments

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

Written by Victor Ponsford

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.

Today Indonesia has…

Continue

Added by EITI on December 19, 2018 at 12:00 — No Comments

What the extractives sector can teach renewables on curbing corruption

Written by Dr. Gokce Mete and Joanne Jones

Renewable energy policy has more to learn from extractives sector governance than you might think. Here are four lessons the extractives sector can share to improve the chances of a successful energy transition – the switch from a fossil-based energy system to a more sustainable infrastructure, fuelled by clean energy sources.

As…

Continue

Added by EITI on December 19, 2018 at 11:30 — No Comments

Invitation to comment on the EITI's data work

The International Secretariat invites stakeholders to provide comments on its open data efforts by 7 January 2019. The International Secretariat is working towards proposing a revised open data policy and …

Continue

Added by EITI on December 12, 2018 at 12:37 — 1 Comment

Contract transparency builds trust and mitigates risk says Kosmos

Written by Sophie Durham

Kosmos Energy has been a leader on contract transparency for many years. Since publishing their first set of contracts for Ghana in 2011, the company has established a policy that they “prefer to make the material terms of [their] Petroleum Agreements (PAs) and Production Sharing Contracts (PSCs) publicly available”. They have filed all of their PAs and PSCs with the United States Securities Exchange Commission and published links to all…

Continue

Added by EITI on December 11, 2018 at 12:00 — No Comments

Enhancing transparency in oil, gas and mining state-owned enterprises

Written by Ines Schjolberg Marques

How EITI is scaling up its collaboration with leading state-owned enterprises (SOEs) to champion transparency in the extractive industries.

There’s a myth that international oil and mining companies are the main players in the extractive sector today. In fact, state-owned enterprises dwarf the…

Continue

Added by EITI on November 20, 2018 at 12:00 — No Comments

Twenty-four EITI African countries deepen their commitments to practical steps on beneficial ownership disclosure

Key conference facts

2.5 days

250+ participants

30+ countries 

40+ organisations

60+ experts

10 technical sessions

The Opening up Ownership Africa conference was the largest gathering of beneficial ownership transparency practitioners yet. 

Conference co-host and keynote speaker, President…

Continue

Added by EITI on November 7, 2018 at 8:31 — No Comments

EITI Board recognises Papua New Guinea’s achievements in improving natural resource governance

Papua New Guinea achieves meaningful progress in EITI implementation, but further institutional reforms are necessary.

At its meeting in Dakar on 30 October 2018, the EITI Board decided that Papua New Guinea (PNG) has made meaningful progress in implementing the EITI Standard. The Board recognised PNG’s efforts in implementing reforms to address weaknesses in government systems and in improving the level of transparency on state participation in the country’s extractive…

Continue

Added by EITI on November 7, 2018 at 8:29 — No Comments

EITI Board recognises Papua New Guinea’s achievements in improving natural resource governance

Papua New Guinea achieves meaningful progress in EITI implementation, but further institutional reforms are necessary.

At its meeting in Dakar on 30 October 2018, the EITI Board decided that Papua New Guinea (PNG) has made meaningful progress in implementing the EITI Standard. The Board recognised PNG’s efforts in implementing reforms to address weaknesses in government systems and in improving the level of transparency on state participation in the country’s extractive…

Continue

Added by EITI on November 7, 2018 at 8:29 — No Comments

EITI week in Dakar: Highlights of the Board meeting

The EITI Board members and around 100 stakeholders gathered in Dakar for the 41stEITI Board meeting, ahead of 250 participants attending the three-day Opening Up Ownership: Africa conference on beneficial ownership, co-hosted by the EITI and the Government of Senegal.

Senegal – new resource-rich country on the block 

“In Senegal,…

Continue

Added by EITI on November 7, 2018 at 8:27 — No Comments

EITI Board Appoints Mark Robinson as new Executive Director

OSLO, Oct. 15, 2018 – The Extractive Industries Transparency Initiative’s (EITI) Board today announced that Mark Robinson has been named executive director of the EITI. Currently the global director of the World Resources Institute’s (WRI) Governance Center, he will assume his position at the end of November 2018.

“Mark Robinson is a widely respected figure in the international development community, spanning the worlds of policy-making, research and philanthropy,” said Chair of the…

Continue

Added by EITI on October 16, 2018 at 9:44 — No Comments

'We’re seeing enormous changes in the contract transparency landscape'

Rob works as a governance officer for NRGI, where he leads organisational advocacy and research on contract transparency and manages the use of the Natural Resource Charter as a tool to structure analysis and dialogue. He is a co-author of the Natural Resource Charter Benchmarking Framework.



We spoke with Rob on the sidelines of the EITI’s gathering of key partner organisations, dedicated to discussing priorities for strengthening extractive industry governance,…

Continue

Added by EITI on October 10, 2018 at 16:00 — No Comments

Iraq: citizens in oil producing regions demand a bigger share of revenues

In the midst of violent protests and political uncertainty, Iraq announces highest crude oil production and export levels in over a year.

Crude oil production in the Iraq hit a 13-month high in July at 4.5 million barrels per day (bpd), according to data provided by the Iraqi State Oil Marketing Organization (SOMO) on 9…

Continue

Added by EITI on September 3, 2018 at 12:00 — No Comments

Malawi's journey to full contract transparency

Writen by Rachel Etter-Phoya

The Government of Malawi formally committed to disclose all oil, gas and mining contracts in December 2015 at a Malawi EITI stakeholders meeting in Lilongwe. At the meeting, the then Principal Secretary Ben Botolo responsible for mining said that all contracts were already available upon request at the…

Continue

Added by EITI on August 28, 2018 at 14:30 — No Comments

Improving community oversight of local development through contract transparency

Creating a level playing field for all companies in Mali

The Publish What You Pay (PWYP) Mali coalition and the Office of the Auditor General (OAG) have made numerous calls for the publication of mining contracts. They are doing this because publication of contracts will help improve the monitoring of revenues received by local government and ensure that companies comply with their social and environmental commitments. Studies by both PWYP and the OAG show that a formalised…

Continue

Added by EITI on August 2, 2018 at 12:03 — No Comments

Address by EITI Chair Fredrik Reinfeldt on contract transparency

The below is based on a speech given by Fredrik Reinfeldt, Chair of the EITI, at the EITI Board meeting side event on contract transparency in Berlin June 2018. 

In 2013, the EITI Standard started to encourage contracts to be disclosed. Contracts, it is worth reminding ourselves, are legal documents that governments enter into on behalf of their people. Experience has shown that in many cases, in particular in countries…

Continue

Added by EITI on June 29, 2018 at 13:57 — No Comments

The Netherlands joins the EITI

The EITI Board today approved the Netherlands’ application to join the EITI.

The Netherlands has been closely involved with the EITI since its inception, and has now made the transition to being both a ‘supporting’ and ‘implementing’ country.

The Netherlands’ admission to the EITI is timely, as it faces changing circumstances in its gas sector. The Groningen gas field in the north-east was discovered in 1959, and is one of the largest gas fields in the world. The…

Continue

Added by EITI on June 29, 2018 at 13:49 — No Comments

Colombia is first country in the Americas to reach the highest level of progress in implementing the EITI Standard

EITI-Colombia has published verified revenue information, shone a light on revenue distribution to regions and started to tackle challenges in environmental regulations.

Colombia was assessed today as the first country in the Americas to meet all the requirements of the EITI Standard. The EITI Board reached that decision in its meeting in Berlin today. The Board found that Colombia had demonstrated satisfactory progress in all requirements of the EITI Standard.

Fredrik…

Continue

Added by EITI on June 29, 2018 at 13:47 — No Comments

Q&A with Rio Tinto

Q&A with Rio Tinto: the first mining company to adopt contract transparency policy

Mining giant Rio Tinto was the first major mining companies to announce that they will support the public disclosure by countries of their mining contracts and licenses. By coming out in favour of contract transparency, the company is joining ranks with Total, as well as smaller oil companies Kosmos Energy and Tullow Oil. In a statement, EITI Chair, Fredrik Reinfeldt “welcomed…

Continue

Added by EITI on June 27, 2018 at 13:30 — No Comments

Conveners

           GOXI Partners

Videos

  • Add Videos
  • View All

© 2019   Created by Kobina Aidoo.   Powered by

Badges  |  Report an Issue  |  Terms of Service