August 20, 2016

MEITI report to cover entire oil and gas sector


Myanmar’s Extractive Industry Transparency Initiative report, to be released on 2 January, will cover 100 percent of the oil and gas sector, 67 percent of the gems sector and 50 percent of the minerals sector, MEITI-MSG chairman and deputy finance minister Dr Maung Maung Thein said. He spoke at the work coordination meeting of the Working Committee for Transparency in Extractive Industry held at the Ministry of Finance on Thursday.
At the meeting, the chairman of the committee Union Minister U Soe Thane explained that the purpose of the meeting was to fulfil requirements for the EITI report, which had been compiled in cooperation with the World Bank and the International EITI Federation.
He added that Myanmar had been trying to become a full-fledged member of the Extractive Industry Transparency Initiative, as EITI reports are important for countries relying on natural resources, such as Myanmar.
Committee secretary Union Minister U Win Shein, MEITI coordinator Dr Zaw Oo and other participants reported on the measures taken to meet the requirements of the EITI.—Myanmar News Agency


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