EITI Announcements
At the Iraq Compact Review Conference 29 May 2008, Iraqi Deputy Prime Minister Barham Salih said: "The Government has also committed to join the Extractive Industries Transparency Initiative (EITI)." Jonas Moberg, Head of the EITI International Secretariat, welcomed Iraq's commitment to implement the Extractive Industries Transparency Initiative, and made the following statement:
PRESS RELEASE
HOUSTON AND OSLO, 12 MAY 2008. Monday Peter Eigen, Chair of the EITI (Extractive Industries Transparency Initiative) and founder of Transparency International, launched a new guide for how companies can play a integral role in helping create transparency in the extractive sector. Together with Rich Kruger, President of ExxonMobil Production Company, he launched the new "EITI Business Guide". It outlines how business can support the implementation of the EITI, the international initiative to improve transparency in the management of oil, gas and mining resources.
7 May 2008 the EITI Board welcomed Côte d'Ivoire as an EITI Candidate Country and is now among the 23 countries in Africa, Asia, Middle East and Latin America that are underway in implementing this standard for transparency in the extractive industries. It now has two years to become compliant with the EITI Criteria and undergo validation.
The World Bank and the EITI Secretariat hosted a one-day workshop on EITI Reconciliation issues in Paris on Tuesday, 1 April 2008. This workshop was attended by a dozen individuals and companies who had been involved in EITI reconciliation process in the 10 EITI reporting countries. This was a good opportunity for them to exchange insights and information, and to develop suggestions to address the EITI reconciliation issues. Please see the link for the report of the meeting and the recommendations for the EITI Board and Secretariat.
Nick Thomas, Director of Corporate Affairs in ExxonMobil has written a Letter to the Editor in Financial Times Friday 2 May that emphasizes that ExxonMobil has been a strong supporter of EITI from its very begining. The letter was a response to a Financial Times report on the launch of the PRT report earlier in the week.
Conference website
Compliant Countries
To become Compliant, the country needs to complete validation process and meet all of the Validation Indicators. All Candidate countries must complete validation within two years.
Candidate Countries
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