Implementation of the Extractive Industries Transparency Initiative (EITI), which requires disclosure of data and financial information, is a possibility for the government, business, and public to know the real state of extracting industries and gain the maximum extraction efficiency. The sector transparency enhancement and further steps to be taken by Ukraine to improve the situation in the extracting industries were the key topics discussed at the conference "EITI in Ukraine: How to Manage Resources Efficiently", which was held in Kyiv on February 21 and 22.
The second Ukrainian report according to the standards of the Extractive Industries Transparency Initiative (EITI) will be much more detailed than the first one. In particular, it covers a number of additional industries, namely production of coal, iron, titanium and manganese ores. That was mentioned by Roman Nitsovych, the Project Manager of DiXi Group Think Tank, at the Extractive Industries Transparency for Improving the Quality of Life of Communities Conference held on February 13 in Lviv.
On Wednesday, January 18, at a joint meeting of the Committee on Fuel and Energy Complex, Nuclear Policy and Nuclear Safety and the Board of the Ministry of Energy and Coal Industry, a public discussion of the draft Energy Strategy of Ukraine until 2035 was held involving experts and representatives of trade unions. The basic version of the document was created due to cooperation between the National Institute for Strategic Studies and the Ukrainian Centre for Economic and Political Studies named after O. Razumkov.
The second draft report of the EITI (Extractive Industries Transparency Initiative) was approved at the ordinary meeting of the Multi-Stakeholder Group (MSG), held on November 15.
It is too early to think about changes in the international oil market in connection with the discovery of Texas deposit. Such opinion was expressed on "Hromadske Radio" by the editor in chief of "Ukrainian Energy" website Viktoria Torop.
Olena Pavlenko, DiXi Group President, participated in the Norwegian-Ukrainian Business Forum that took place on 18 October in Oslo, Norway, upon the initiative of the Norwegian-Ukrainian Chamber of Commerce. The Forum was organized to discuss and search for potential ways of cooperation between Ukraine and Norway, in particular in agriculture, trade, new technologies development, and energy sector.
On 17 October 2016 from 14:00 to 16:00, a round table on the draft law "On Disclosure of Information in Extractive Industries" will take place.
DiXi Group junior analyst Mariia Melnyk participated in the 12th Eurasian regional meeting of the Publish What You Pay (PWYP) coalition. The event took place on 27-30 September in Lviv, where eight countries of the Eurasian region were represented.
DiXi Group President Olena Pavlenko participated in the first meeting of the working group that studied an issue of compliance with legislative provisions during the tender for attraction of an investor for implementing an agreement on distribution of hydrocarbons extracted at Yuzivska field and recognized Yuzgaz BV as the winner of the tender. The meeting took place on 23 September in the premises of the Ministry of Energy and Coal Industry of Ukraine.
A Multilateral Stakeholder Group (MSG) at its meeting approved the results of the scoping study for preparation for the Second ЕІТІ Report. Presentation of the Independent Administrator’s report and its discussion lasted more than two hours.
DiXi Group President Olena Pavlenko, together with the ЕІТІ National Secretariat and an Independent Administrator participated in the meeting with representatives of the IMF.
Mr. Nasalyk, the Minister of Energy and Coal Industry, promised to cooperate in the future with non-governmental organizations supporting the implementation of the Extractive Industries Transparency Initiative (EITI) in Ukraine.