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Guyana holding firm on full transparency in oil and gas –...

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The Government of Guyana – South America’s newest oil and gas hotspot – has reiterated its commitment to transparency and accountability in...

EITI warns against resource-backed loans

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Entering into resource backed loan arrangements could devastate the economies of developing resource rich countries. However, it has been recognized that mechanisms...

Guyana’s first EITI validation set to commence in October

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Even as Guyana prepares for the compilation and publication of its second Extractive Industries Transparency Initiative (EITI) Report for fiscal year 2018, the country is...

Absence of Parliamentary oversight in Guyana stalls hiring of administrator for...

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The delay in the commencement of the next session of Parliament in Guyana is affecting the hiring of an Independent Administrator which will play...

A big deal: Transparency in Guyana’s booming oil sector

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A note from the Extractive Industries Transparency Initiative Recent oil discoveries looked certain to transform Guyana’s economy. But the oil price shock could alter Guyana’s expected...

EITI wants Guyana to disclose crude sales agreements

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The Extractive Industries Transparency Initiative (EITI) is encouraging Guyana to disclose sales agreements related to the country’s share of oil production. In an article published on...

EITI to foster greater transparency in implementing states amidst COVID-19

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Chair of the Extractive Industries Transparency Initiative (EITI) International Board Helen Clark said as the world reels from the COVID-19 pandemic, the Secretariat recognises...

IMF urges implementation of EITI report recommendations to strengthen governance

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The International Monetary Fund is urging the Government of Guyana to implement the recommendations of the first Extractive Industries Transparency Initiative (EITI) report for...

Total commits to transparency of contracts at EITI Paris conference

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Patrick Pouyanne, CEO of French multinational oil corporation Total, gave a commitment to supporting transparency and openness of contracts in its operations around the...

2019 EITI Standard launched with new requirements for contract transparency

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At the opening of the 8th Extractive Industries Transparency Initiative (EITI) Global Conference in Paris, outgoing Chair Fredrik Reinfeldt formally launched the 2019 EITI...