By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. For the third year in a row the National Secretariat of the Iraqi Extractive Industry Transparency Initiative (IEITI) has succeeded in releasing its annual report on time. This year Report exhibits significant […]
By John Lee. The Iraqi-Extractive Industries Transparency Initiative (IEITI) report for year 2011 has been published by an independent and international reconciler firm Ernst & Young. The report considers for the first time the quantities of crude oil used for local consumption and the paid revenues by the Extractive Oil Companies (National & International). It […]
By Ahmed Mousa Jiyad. 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 […]
By Ahmed Mousa Jiyad. On behalf of the Iraqi Government and IEITI, Mr. Alaa Mohie El-Deen, General Secretary of Iraqi Extractive Industries Transparency Initiative (IEITI), invited me to attend the EITI Compliance & Second IEITI Report Conference held at Al-Rasheed Hotel on 3 April, and asked me to make a presentation, which took place at […]
The following is a statement by Kurdistan Regional Government on what it describes as "the manipulation of the EITI process": The EITI oil transparency report that inexplicably disappeared In 2008, the then federal Deputy Prime Minister, Barham Salih, committed Iraq to achieving compliance with the Extractive Industries Transparency Initiative (EITI), which aims to help citizens […]
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 […]
The Board of EITI (Extractive Industries Transparency Initiative) has declared Iraq to be 'Compliant' with the EITI Standard. There are now 18 countries that are 'EITI Compliant'. EITI compliance means that the country has an effective process for annual disclosure and reconciliation of all revenues from its extractive sector. This allows citizens to see how […]
Iraq has disclosed detailed information about the US$ 41 billion in revenue it received from oil and gas exports in 2009. Iraq’s disclosure of the figures follows the country’s commitment to the EITI standard, the global standard for transparency of resource revenues. The revenues are published in Iraq’s first EITI Report, which detailed production figures […]
Iraq has committed to providing accurate figures about its oil revenues by agreeing to verify details of its oil industry with the Extractive Industries Transparency Initiative (EITI). Eddie Rich, deputy head and regional director of the Extractive Industries Transparency Initiative (EITI), told RFE/RL's Radio Free Iraq (RFI) on June 24 that Iraq "is in the […]
