Opening information in line with the EITI requirements opens up opportunity for the companies to enter the Ukrainian market. This was stated by Minister of Energy and Coal Industry Ihor Nasalyk during a meeting with Head of the EITI (Extractive Industries Transparency Initiative) International Secretariat Jonas Moberg. The Minister, in particular, noted that the data disclosed during the preparation of the EITI Report become an integral part so that all companies would receive the full range of information about the possibilities in our country.
"There is a great interest of our country in the implementation of the Extractive Industries Transparency Initiative. We have a good tool for improving the transparency of the extractive industries," the Minister of Energy and the Coal Industry said. He also noted the fruitful work performed by the EITI Secretariat in Ukraine, the public, inter alia the DiXi Group.
According to the Minister, to ensure the implementation of reforms in the energy sector mutual understanding and cooperation with the line committee of the Verkhovna Rada of Ukraine and communication with all stakeholders in the regions are viewed as crucial.
Ihor Nasalyk briefed on steps taken by the country in the direction of energy security. In particular, he stressed that Ukraine has adopted a conceptual decision to increase its domestic extraction and abandoning gas imports. According to the Minister, Ukraine has the potential not just to fully satisfy the demands of the country with natural gas, but to import gas as well. Therefore, the introduction of EITI, the disclosure of information pertaining to gas extraction will facilitate the increase of investments and the development of gas production in Ukraine.
Head of the International Secretariat Jonas Moberg commended the constructive work fulfilled in cooperation with the authorities, companies and the civil society to open up information in the mining industry. He emphasized that collaboration with legislative authority discloses a great potential for the implementation of the EITI instrument. Jonas Moberg also offered to consider possibilities and to continue using the EITI in implementing reforms.