By Ahmed Mousa Jiyad.
Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.
The Iraqi Extractive Industries Transparency Initiative-IEITI (now called Iraq Revenue Transparency-IRT) issued its second report, entitled “Oil Export and Field Development Revenues in 2010”, on 27 December 2012.
The Report was released two weeks after EITI announced that Iraq is a compliant country.
I have good and regular contacts with many civil society organizations (CSOs) who are involved in the IEITI activities, and some asked for my opinion on the Report.
After thorough and careful reading, this review and assessment was done in responding to these requests, and as a contribution to the debate on the Report inside and outside Iraq.
My intention is to improve the quality and contents of the future IRT reports so that they would be able to present full, complete and verifiable transparency of revenues in the country.
After a brief background note, I will identify and highlight the main conclusions of the Report, then address specific problems and shortcomings of the Report and concluding with further overall remarks.
Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: [email protected]).