Tag Archives | Extractive Industries Transparency Initiative (EITI)

Libyan Oil Revenues down 21% in February

By John Lee. February income from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts, was $1.26 billion – a more than $330 million (-21%) month-on-month decrease. The drop in oil revenue is attributed to adverse weather conditions affecting exports from the Es Sider port, in addition […]

NOC commits to Transparency and Governance Framework

By John Lee. NOC commits to transparency and governance framework at EITI summit The Chairman of National Oil Corporation (NOC), Mustafa Sanalla, has reaffirmed the NOC’s institutional commitment to good governance and fiscal accountability at a meeting on ‘transparency in commodity trading’ hosted by the Swiss State Secretariat for Economic Affairs (SECO) and the Extractive […]

NOC Chairman meets EITI

By John Lee. National Oil Corporation (NOC) chairman Mustafa Sanalla has held an introductory meeting with Extractive Industries Transparency Initiative (EITI) Executive Director Jonas Moberg. Chairman Sanalla expressed NOC’s interest in adopting EITI governance principles, and a move towards full-scale adoption of the EITI financial reporting standard over the longer term. Mr Sanalla underlined the […]