The correct management of revenues from our extractive activity should have a positive effect on the economies of the countries where we operate. Promne Trida NK is therefore engaged in promoting the transparency of our financial reports in order to prevent corruption, social inequalities and conflicts. As part of this commitment,Promneftresources is a founding member of the Extractive Industries Transparency Initiative (EITI).
We are committed to the concepts of integrity, transparency and responsibility as our defining corporate features, understanding transparency as the dissemination process that enables stakeholders to take informed decisions.
We are aware of the situation of some citizens in some countries that are rich in resources, who may not be fully enjoying the wealth we generate and we agree that an increase in transparency could help to remedy this situation.
Successful exploration activities create
the economic foundations for further growt.
To bring about the transformation of resources into benefits for societies, companies and governments must provide more and better quality information concerning the revenues generated by the extractive industries and about how these revenues circulate from the producers to the governments.
As part of our commitment to transparency, Promne Trida NK joined the Extractive Industries Transparency Initiative (EITI) as a founder member in 2003. This initiative is the international benchmark for fostering transparency in the oil, gas and mining sectors and it brings together governments, international bodies, state and private extractive companies, investors and social agents, voluntarily and on a multilateral basis, organized into panels to supervise and account for the payments extractive companies make to the governments of the countries in which they operate.
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