Open contracts 2021: Ensuring a good deal
The 2019 EITI Standard requires EITI implementing countries to disclose all contracts and licenses that are granted or amended from 1 January 2021.
This new requirement is reflective of how contract transparency in the extractive sector has become a global norm in recent years. To date, more than 30 EITI countries have disclosed their contracts. Major companies have signified support, and civil society organisations have stepped up their efforts on this agenda.
The introduction of EITI’s requirements on contract disclosure is expected to further improve the management of mining oil and gas sectors as citizens gain more access to information on deals governing these sectors.