Cameroon

Candidate country EITI Cameroon webpage   Overview of the Extractive Industries Although oil production in Cameroon declined during the 1990s, oil revenues still contributed 24% of government fiscal revenue, 50% of export earnings and about 6% of GDP in 2003. Renewed investment in oil exploration and governmental plans to further liberalize Cameroon's energy sector may increase the hydrocarbons' share in the economy. In 2004 a pipeline across Cameroon, for oil export from Chad, was commissioned. This was partially financed by the World Bank Group as a part of the Chad-Cameroon pipeline project. Status of EITI Implementation Cameroon is currently a Candidate Country. Cameroon has already produced two reports. The 3rd report is under preparation and will include the mining sector. IDL (in consortia with Synergy Global) has conducted the validation assessment in January 2010. A draft of the Validation Report has been received by the EITI Board Validation Committee and work has begun on agreeing a final Validation Report. 2 March 2010 Cameroon applied to extend their deadline for completing EITI Validation. The EITI Board agreed to grant Cameroon an extension. Peter Eigen sent a letter to the President conveying the Board's decision. Cameroon has until 9 September 2010 to submit a final Validation report to the EITI Board. Governance of EITI Implementation  The National Committee is a multi-stakeholder group in charge of implementation and follow-up of the EITI in Cameroon. Minister of Finances Essimi Menye leads the EITI multi-stakeholder group in Cameroon and has been elected EITI Board alternate in February 2009. The National Coordinator is Agnès Solange Ondigui Owona. Cameroon EITI National Coordinator Agnès Solange Ondigui OwonaEmail: ondiguiagnessolange [at] yahoo [dot] comPhone: +237 77 62 54 89 Companies operating*  Oil & gas companies: ExxonMobil*, Petronas, Noble Energy Cameroon, Sterling Energy, Kosmos Energy, TOTAL*, Pecten (Shell*), Victoria oil and Gas.* EITI Supporting Company   Mining companies: Sinosteel, Africa Aura Mining, Mega Uranium Corp, Hydromine, Free mining Co.  * Note: Company list based on EITI research and is not conclusive Further information about the status of EITI implementation in Cameroon can be provided by Regional Director Francisco Paris at the EITI International Secretariat.