Iraq: The EITI Board Concludes That Iraq’s “Potential Has Yet to Be Fulfilled” in Oil and Mining Sector

Oct 26, 2017 | Extractive Industries Transparency Initiative
View Original

At its meeting in Manila, the Philippines, the EITI Board today commended Iraq’s efforts to bring transparency to its oil exports and encouraged the Government of Iraq to make progress on a number of other aspects of the sector. While recognising the difficulties under which Iraq was implementing the EITI, the EITI Board concluded that additional work was needed to demonstrate adequate progress across the sector in implementing its Standard. As a result, the EITI Board concluded that Iraq had made inadequate progress overall. Iraq will have 18 months to carry out corrective actions and will be temporarily suspended in the meantime.