The EITI sets a global standard for transparency in oil, gas and mining. It is...
- An effort to make natural resources benefit all
- A coalition of governments, companies and civil society
- A standard for companies to publish what they pay and for governments to disclose what they receive
Validation deadlines
19 of the 32 EITI countries have deadlines for completing EITI Validation on 9 March. The EITI Board will meet in Berlin 15-16 April to review the progress on Validation. EITI Secretariat has assembled an FAQ related to Validation and this deadline.
Iraq becomes an EITI Candidate country
Iraq was admitted as an EITI Candidate country by the EITI International Board on 10 February 2010.
US$ billions owed to government
The latest Nigeria EITI report on 11 August has shown financial discrepancies and outstanding payments totaling over US$5bn for oil and gas revenues generated by the sector in 2005
3.5 billion people…
…live in countries rich in oil, gas and minerals. Many of them suffer from poverty, corruption, and conflict stemming from weak governance. The EITI strengthens governance by improving transparency in the extractives sector.
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