On 20 July 2016, a seminar “Implementation of the Extractive Industries Transparency Initiative (EITI) in Ukraine” was held in Chernihiv during which representatives of the public and the EITI National Secretariat spoke of the implementation of this Initiative in Ukraine and globally.
More and more countries all over the world join the extractive industries transparency initiative. Thus, one of the world’s largest markets — U.S. — has at last implemented the country-by-country reporting provisions set by the Dodd-Frank Act back six years ago.
President of DiXi Group think tank Olena Pavlenko participated in the discussion of “Reforms in Ukraine and Drives thereof: What’s the Most Effective Way to Organize Cooperation between Public Authorities and NGOs?” that was organized by the Democratic Initiatives Foundation with the support of the International Renaissance Foundation, Swedish International Development Cooperation Agency (SIDA) and Think Tank Fund.
“There are undertakings in Ukraine that are ready for openness and fair play. And there are others that apparently have things to conceal. We will definitely support those companies that are ready to disclose information about them”, said DiXi Group’s President Mrs. Olena Pavlenko during the discussion that took place in the office of Ukraine Crisis Media Centre.
The Parliament Committee on Environmental Policy, Nature Resources Utilization and Elimination of the Consequences of Chornobyl Catastrophe recommended MPs to adopt the draft Law No. 4840 “On Disclosure of Information in Extractive Industries” in the first reading.
Recent high-profile arrests in the cases on gas misappropriation and money laundering are another reason to put things right in the extractive industry. DiXi Group analysts have already described the most widely known deals in their study “Game of Gas Thrones: presentation of the most widespread “schemes” in gas production”. The document was also disseminated within the National Anti-corruption Bureau, and we hope that investigators have made correct conclusions.
The concept of the state target economic program of reforming the coal industry by 2020 developed by the Ministry of Energy and Coal Industry needs to be improved.
On 15 June 2016 at 10 a.m., debates “Coal Mines in Ukraine: Invest or Close?” took place in the office of Ukraine Crisis Media Centre.
Roman Nitsovych, Program Manager, DiXi Group Analytical Centre, joined the series of round tables, dedicated to the Extractive Industries Transparency Initiative (EITI), which recently took place in Kharkiv, Okhtyrka and Sumy.
The Draft Law “On Data Disclosure in Extractive Industries” is to be passed till June 2016. This point was emphasized during its discussion at the Verkhovna Rada Committee on Fuel and Energy Complex, Nuclear Policy and Nuclear Safety.
Non-disclosure of information on extraction activities will be punished by fines. This sanction is set out in the Draft Law “On Data Disclosure in Extractive Industries”. It was reported during the press-conference at Ukraine Crisis Media Centre.
The second day of the Sustainable Resource Management Forum saw the formal launch of Ukraine’s first EITI Report. The Report documents USD 3.3 billion of payments by oil and gas companies (including oil and gas transportation companies) in 2013.