Better disclosures from extractives

Better disclosures

Scope of reporting by country, according to latest report submitted.

While already authoritative sources on revenues from natural resources, EITI Reports will become even better in the years to come.

EITI Reports are authoritative sources on the government's revenues from oil, gas and mining activity in the country. At the very core of the EITI Reports is the disclosure of what companies report to have paid to the government and what the government reports to have received. These two sets of figures are then reconciled by an independent administrator.

Over the past few years countries have disclosed new kinds of information in their EITI Reports, such as

  • revenues from other sectors (agriculture, water);
  • accounts of payments to local government other 'sub-national' government levels;
  • 'social payments' from companies, such as investments in infrastructure, schools or other public goods; and
  • electronic files with all the figures from the EITI Reports, allowing the data to be used more broadly.

With the introduction of the EITI Standard in 2013, future EITI Reports will disclose information from even more new areas. This will allow citizens to follow the value of the resources all the way into state coffers. These areas include

  • ownership of the companies that have licences to operate in the country;
  • production volumes;
  • transactions to and from state-owned companies;
  • state ownership in extractive companies;
  • revenues from tranportation of oil, gas and minerals;
  • more detailed data. Reporting will be disaggregated by each company and also by each project once the EU and US have finalised how they will require disclosure of payments for each project.