March 2016 News and Analysis from NRGI

News from NRGI
30 March 2016

Highlights

Lessons From Lima: NRGI at the EITI 2016 Global Conference
At the EITI Global Conference in Lima last month, the fundamental principles of the initiative were put to the test. NRGI's Suneeta Kaimal produced some takeaways from the summit, and Erica Westenberg outlined six promising new elements in the updated standard adopted by EITI. NRGI president and CEO Daniel Kaufmann took part in a plenary discussion on informing better policies in the extractive sector, and Publish What You Pay recapped EITI's governance crisis. We also explored local implications of the initiative.

Transparency Regulations Should Not Ignore Trading
The U.S. Securities and Exchange Commission should explicitly include payments arising from commodity trading in the final version of the rules implementing Section 1504 of the 2010 Dodd-Frank Act.

Explanations and Nuances Behind Nigeria's "Missing Oil Money"
NRGI's Alexandra Gillies provided comment to BBC Newshour regarding headlines about yet more unaccounted-for Nigerian oil revenues. (Segment begins at 26m40.)

Video

Watch Daniel Kaufmann discuss civic space, EITI governance and global corruption in this excerpt from the Lima conference.

Blog

New Petroleum Producers' Experiences Diverge as Hydrocarbon Prices Stay Low
Earlier this month, officials and researchers from new oil producers gathered in Kenya under the auspices of the Chatham House-organized New Petroleum Producers Discussion Group.

Dark Clouds Over Table Mountain: Mining Sector Sought Silver Linings at 2016 Indaba
At the annual meeting, it was clear that African nations from South Africa and Zambia to Ghana and Guinea are managing the consequences of lower commodity prices, including social unrest, combined with the broader consequences of tumbling currencies, increasing inflation rates and an inability to finance important public services.

Improving OGP Action Plans: Beneficial Ownership, Contract Transparency and Environmental Data
The OGP Openness in Natural Resources Working Group (ONRWG) has formulated three priorities that resource-rich countries should consider to improve the sector.

Nigerian Journalists Gather for Intensive Oil and Gas Coverage Training

The Media for Oil Reform core course is a rich resource for Nigerian journalists aiming to more effectively cover the hydrocarbons sector. In its most recent two-week iteration, 23 journalists from 17 media outlets took part.

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