Qatar Petroleum joins EITI as a supporting company

State-owned petroleum company Qatar Petroleum will join the EITI as a supporting company, announced EITI’s Corporate Engagement Manager Andrew Irvine today, in a discussion on the EITI’s outreach plans at the organisation’s Addis Ababa Board meeting. “It is encouraging to see a large a...

Niger rejoins the EITI

Niger returns to the EITI as 53rd implementing country, renewing its commitment to extractives transparency Following the country’s withdrawal from the EITI process in October 2017, the Government of Niger has re-committed to implement the EITI. Its candidature was approved by the EITI Board t...

Guyana celebrates First Oil

Source: DPI, Guyana, Friday, January 17, 2020 Guyana’s official celebration of first oil coincides with the first lift of the Liza Destiny. The first crude oil tanker arrived today to take out the first million barrels of oil. This was announced during a cocktail reception on Friday evening at ...

Understanding oil prices

Source: DPI, Guyana, Sunday January 18, 2020 Oil prices across the globe are unpredictable as it is prone to wild “boom and bust” swings.  With Guyana being a new comer on the petroleum market, it is imperative to know and understand the way the markets work and what influences the fluctuati...