Tag Archives | EITI

Jiyad: EITI Restores Iraq’s Compliance Status

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. EITI Restores Iraq’s Compliance Status, with Conditions Attached The board of the Extractive Industries Transparency Initiative (EITI) decided on 16 October 2019 to reinstated Iraq status as a “compliant” country in conformity […]

EITI Lift’s Iraq’s Suspension

The EITI Board has decided that Iraq has made meaningful progress in implementing the EITI Standard. Validation, the EITI’s quality assurance process, found that Iraq’s performance in implementing EITI Requirements has improved markedly since the country’s first Validation in 2017. Iraq’s suspension as a result of poor results in its first Validation has now been lifted, […]

Transparency in Iraqi Upstream Petroleum Sector

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Transparency in the Arab Countries’ Upstream Petroleum Sector- Iraq as case study* While upstream petroleum sector is either dominant or has significant importance in many Arab economies of MENA region, the transparency […]

IEITI: Making Iraq “Compliant” Again

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. IEITI: Making Iraq “Compliant” Again! The Extractive Industries Transparency Initiative (EITI) suspended Iraq’s status as a “compliant” country on October 2017; the suspension, after initial irrational denial, prompted the Iraqi authorities to […]

Report on “Register of Licenses” – Another Disappointment

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. IEITI Report on “Register of Licenses” – Another Disappointment Iraq EITI (IEITI) released recently the above report, which it says, “In accordance with Standard 2.3 of the International Initiative”; in part it […]

KRG Oil Export Revenues 2017 Assessed

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Introduction KRG’ gross oil export revenues, for 2017, stood at $7.9billion but it was left with only $3.9billion as net earnings. When the Region receives less than half of its gross oil […]

EITI Suspends Iraq Membership: A Serious Setback

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. EITI Suspends Iraq Membership: A Serious Setback For Transparency That Should Be Addressed Promptly And Effectively The recent decision by the Extractive Industry Transparency Initiative (EITI) to suspend Iraq’s status as a […]

Transparency Initiative Suspends Iraq’s Membership

At its meeting in Manila, the Philippines, the Extractive Industries Transparency Initiative (EITI) Board commended Iraq’s efforts to bring transparency to its oil exports and encouraged the Government of Iraq to make progress on a number of other aspects of the sector. While recognising the difficulties under which Iraq was implementing the EITI, the EITI […]

Iraq EITI Latest Annual Report: Disappointing Despite Improvement

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraq Extractive Industries Transparency Initiative (IEITI) published its seventh annual report (Report 2015) on 31 December 2016; a second annual report released in one year after it released its Report 2014 […]

IEITI and Transparency – Midyear Review

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Introduction Within eight months, between December 2015 and July 2016, the National Secretariat (NS) of the Iraqi Extractive Industry Transparency Initiative (IEITI) launched two annual reports (2013 & 2014) and Inception Report […]

IEITI Annual Report 2013: Again, Modest Progress but More Improvement Still Needed

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IEITI New Annual Report 2013: Again, Modest Progress but More Improvement Still Needed The Iraq Extractive Industry Transparency Initiative (IEITI) succeeded in launching its fifth annual Report 2013 on 10th December 2015, […]