improving extractives governance
PNGEITI Report Releases
The EITI holds all implementing countries to the same global standard. Through Validation, the EITI’s quality assurance mechanism, implementing countries are assessed on their ability to meet the provisions of the EITI Standard.
Terms of Reference for the Redesigning of the PNGEITI website
The EITI is built on the notion that natural resources such as oil, gas, metals and minerals,belong to a country’s citizens. The EITI’s mission is to promote understanding of natural resource management, strengthen public and corporate governance and provide the data to inform greater transparency and accountability in the extractive sector. By becoming a member of the EITI, countries commit to disclose information along the extractive industry value chain – from how extraction rights (granting of mining and petroleum licences) are awarded, to how different revenues streams make their way through to the Government and how they benefit the public. Through participation in the EITI process, 55 countries have agreed to a common set of rules governing what has to be disclosed and when – the EITI Global Best Practice Standard. EITI countries disclose extensive amount of data and information as required by the EITI Standard. The EITI Standard requires that data is made available in accessible forms to all users.
Terms of Reference for Graphic Designer
PNGEITI-Visual-Identity-Call-for-EOI-3032022 Download Preview
Terms of Reference for the preparation of the PNGEITI 2021 Report
TOR-for-FY2021-PNGEITI-Report-final-1.03.22 Download Preview
Call for Expression of Interest for the Preparation of the PNGEITI 2021 Report
The Extractive Industries Transparency Initiative (EITI) is a global Standard for promoting transparency and accountability in the oil, gas and mining sectors. PNG has published 7 EITI Reports since the Government signed up to implement this initiative in 2014. As a EITI member country, PNG is required to publish this annual report containing the reconciliated financial data on all revenues and other benefits received by the Government from industry companies producing and exporting oil, gas and mineral commodities. Thus, PNG is now required to publish the financial year 2021 report by December 2022. Therefore, the PNGEITI National Secretariat is hereby calling for expressions of interest from auditing firms to prepare the financial year 2021 EITI Report in accordance with the Requirements of the EITI Standard. The report preparation is scheduled to commence in April and end by December this year. Interested bidders should obtain a copy of the Terms of Reference (ToR) from the Secretariat office or download: TOR-for-FY2021-PNGEITI-Report-final-1.03.22 Download Preview which provides full details on the scope of work involved. Bidders are required to make submissions in two parts including the technical and the financial components of the proposal for preparing the report. Submissions must be received no later than 4:30 pm on the 18th of March 2022. Submissions can be emailed to Francis Diakon at Francis_Diakon@treasury.gov.pg or delivered to the Secretariat located at the Treasury Building, Waigani. Authorised by: Lucas Alkan Head of National Secretariat
Papua-New-Guinea-Validation_Board-Decision
EITI Board recognises Papua New Guinea’s achievements in improvingnatural resource governance EITI Board recognises Papua New Guinea’s achievements in improvingnatural resource governancePapua New Guinea achieves meaningful progress in EITI implementation, but further institutionalreforms are necessary. At its meeting in Dakar on 30 October 2018, the EITI Board decided that Papua New Guinea (PNG)has made meaningful progress in implementing the EITI Standard. The Board recognised PNG’sefforts in implementing reforms to address weaknesses in government systems and in improving thelevel of transparency on state participation in the country’s extractive industries.“The EITI is having a real impact in Papua New Guinea: citizens can now see how therevenues from oil and gas projects are being distributed and how the government ismanaging mining revenues through trust accounts”, said Fredrik Reinfeldt, chair of theEITI. “The process has improved the petroleum register and shone a light on the state’sparticipation in the sector. I welcome the news that stakeholders will increasingly useEITI to inform investment decisions and to assess the sector’s contribution to theeconomy.”
Independent-Validators-Final-Validation-Report
The government of the Independent State of Papua New Guinea (PNG) committed to implement the EITI on14 March 2013 by through National Executive Council (NEC) Decision 90/2013. An interim Multi-StakeholderGroup (MSG) was formed in 2012 and a permanent MSG was appointed in November 2013. The country was accepted as an EITI Candidate on 19 March 2014 at the EITI Board’s meeting in Oslo.On 25 October 2016, the Board agreed that PNG’s Validation under the 2016 EITI Standard would commenceon 1 April 2018. This report presented the findings and initial assessment of the International Secretariat’sdata gathering and stakeholder consultations.
