Trotman, Jadoopat invited to EITI International Board meeting in Philippines

Must Read

Hundreds of Guyanese businesses accessing CLBD’s online training courses

Hundreds of Guyanese businesses are benefitting from a wide range of online training courses being offered by the Centre...

World will still rely on oil and gas for much of its energy needs beyond 2040 – WoodMac Analysts

In keeping with the goal of the Paris Agreement which calls for a limit to the increase in global...

Guyana remains cautious of Dutch disease even as oil takes GDP to an “impressive” 5.4 percent

Following its latest assessment of the economy’s performance for the year 2019, the Government of Guyana has stated in...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

Guyana’s Minister of Natural Resources Raphael Trotman and National Coordinator of the Guyana Extractive Industries Transparency Initiative (GYEITI) Dr. Rudy Jadoopat have been invited to attend the 38th EITI International Board Meeting in Manila, Philippines on October 25-26, 2017.

OilNOW can confirm that Mr. Trotman and Dr. Jadoopat have been invited as observers only, since Guyana is not yet a member of the transparency body.

Guyana officially submitted its candidature application to the International Secretariat of EITI in Oslo, Norway, in August. The country’s application will be considered at the October meeting.

OilNOW understands that following Guyana’s candidature application submission, the EITI International Secretariat sought a number of clarifications and since then, several adjustments were made. The application is still under review by the EITI International Secretariat’s Outreach and Candidature Committee. However the GYEITI Secretariat remains optimistic that at the meeting Guyana’s application will be favourably reviewed, allowing the country to become an EITI candidate and in so doing commit to transparency regarding what companies in the extractive industries pay to government and what government receives.

The GYEITI Multi-stakeholder Group (MSG) which comprises Government, Industry and Civil Society, has the presence of both ExxonMobil and Repsol, in addition to persons from the mining and forestry sectors.

- Advertisement -

Latest News

Hundreds of Guyanese businesses accessing CLBD’s online training courses

Hundreds of Guyanese businesses are benefitting from a wide range of online training courses being offered by the Centre...

World will still rely on oil and gas for much of its energy needs beyond 2040 – WoodMac Analysts

In keeping with the goal of the Paris Agreement which calls for a limit to the increase in global temperatures to below 2 degrees...

Guyana remains cautious of Dutch disease even as oil takes GDP to an “impressive” 5.4 percent

Following its latest assessment of the economy’s performance for the year 2019, the Government of Guyana has stated in its End of Year Outcome...

High performance from Guyana as 2020 half-year discoveries hit lowest in 100 years

Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equivalent (boe) in the first half of 2020 with Guyana among...

‘The worst is behind us’: Analysts see continued recovery for global oil markets

After reaching historic lows in April, global oil prices could continue to chop higher in the coming months as COVID-19 shelter-in-place restrictions begin to...

More Articles Like This