Energy Lobby Calls for Glencore’s EITI Membership Withdrawal Following Guilty Plea to Market Manipulation, Bribery & Corruption

The African Energy Chamber (AEC) is calling for the Extractive Industries Transparency Initiative (EITI) to terminate the membership of Switzerland-based commodities and mining multinational Glencore following Glencore’s recent guilty plea … Read More

Nigerian National Petroleum Corporation Commits to Transparency by becoming an EITI supporting company

Nigeria’s national oil company, the Nigerian National Petroleum Corporation (NNPC), has become an EITI supporting company, joining a group of over 65 extractives companies, state-owned enterprises (SOEs), commodity traders, financial institutions … Read More

Unleashing the potential of open EITI data

Source: eiti.org/blog/ Author: Christoffer Claussen On 31 December 2017, an important provision of the 2016 EITI Standard comes into force. It requires implementing countries to make their EITI data available in open … Read More

Majority of Petroleum Rights Holding Companies in Kenya Incorporated in Tax Havens

A report by Oxfam dubbed The Use of Tax Havens in the Ownership of Kenyan Petroleum Rights shows that all but five companies that hold petroleum exploration rights have at … Read More

Lobby Groups in Uganda Push For More Transparency in Oil Sector

Three lobbying groups namely Global Rights Alert, ActionAid Uganda and Transparency International have kick started an online petition to push for transparency from the Uganda government and international oil companies. … Read More

Burundi commits to implement the EITI

The Government of the Republic of Burundi formally committed to implement the Extractive Industries Transparency Initiative, EITI Standard in a declaration published by Come Manirakiza, Minister of Energy and Mine on … Read More

Mozambique’s extractive sector revenue triple boosted by capital gains tax

[twitter-follow screen_name=’oilnewskenya’] Revenue from the extractive sector in Mozambique hit almost $400 million in 2012 thanks to the introduction of capital gains tax in the country according to a new … Read More