"Myanmar published its first EITI Report on 2 January, opening up the extractive sector for the first time. The report shows that the government received a total of USD 3.1bn from the extractive sector. After having paid its taxes and other dues, Myanma Oil and Gas Enterprise (MOGE), the state-owned company, retained USD 1.3bn of this revenue for own operating costs and raw materials. The four state-owned mining companies collectively retained appx. USD 230m, illustrating the significant role that state-owned companies play in the country?s extractive sector. The report covers financial year April 2013 to March 2014. ?All over the world, national resource companies have been criticised for their opacity - and it is in such circumstances that resources are often mismanaged. Myanmar?s first EITI Report contributes to changing this reputation, and sheds important light on the role of such companies in managing the extractive sector. It is heartening to see how the government, companies and civil society have worked together determinedly for more openness and to create a better future for their country”, said EITI Chair Clare Short about the publication of the report.