Extractive Industries Transparency Initiative (EITI) Standard (2023)
EITI: Legal and Institutional Framework, Contracts and Licences, Beneficial Ownership, State Participation (Section 2)

Extractive Industries Transparency Initiative (EITI) Standard (2023) EITI-Req.2.6: State participation in extractive industries (EITI Requirement 2.6)

Requirement 2.6 (State participation): the implementing country must disclose information on the role of state-owned enterprises (SOEs) in the extractive sector including: SOE financial relationships with the government (revenues to government from SOEs + financial transfers from government to SOEs); SOE retained earnings + dividends paid + SOE-controlled subsidiaries; SOE governance arrangements including board composition + appointment process + remuneration framework. The disclosure includes any equity stakes + production-sharing agreements + carried interests + buy-back arrangements + first-refusal rights. Material SOE quasi-fiscal expenditures must also be disclosed under Requirement 6.2.

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