Cameroon

Peru and Mauritania declared EITI Compliant

February 17th 2012 - 1:39PM ... Anders Tunold Kråkenes
Peru and Mauritania were this week found to be in compliance with the EITI standard. The EITI (Extractive Industries Transparency Initiative) is the global standard that ensures accountability and transparency of the revenues from a country’s extractive sector. The international EITI Board announced that the two countries have been accepted as “EITI Compliant” at its meeting at Wiston House in the United Kingdom. 

Cameroon, Gabon, Kyrgyzstan and Nigeria designated as EITI Candidate countries that are “close to compliance”

October 26th 2010 - 7:21AM ... Anders Tunold Kråkenes
In recognition of their progress in implementing the EITI, the EITI Board has decided that Cameroon, Gabon, Kyrgyzstan and Nigeria are Candidate countries that are “close to compliance”. This was announced following the meeting of the EITI Board in Dar-es-Salaam 19-20 October.

EITI Board to decide on EITI status for eight countries

October 18th 2010 - 8:43PM ... Anders Tunold Kråkenes
The Board of the Extractive Industry Transparency Initiative (EITI) is meeting 19-20 October in Dar-es-Salaam, Tanzania, to discuss the status of the countries Cameroon, Gabon, Ghana, Kyrgyzstan, Mongolia and Nigeria. These six countries are currently recognised as 'Candidate countries' to the international transparency standard for oil, gas and mining sectors.

EITI Board agrees status of 20 countries

April 16th 2010 - 6:18PM ... Anders Tunold Kråkenes
BERLIN, 16 APRIL 2010.  The Board of the Extractive Industries Transparency Initiative, the international standard for improved transparency in countries’ natural resource sector, met in Berlin 15-16 April. The Board discussed the request of 17 of the 32 countries currently implementing the EITI to extend their deadline for completing EITI Validation. In addition, Sao Tome and Principe had applied to voluntarily suspend their EITI Candidate status. 

Cameroon

March 5th 2012 - 10:49AM ... Anders Tunold Kråkenes
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. Recent oil finds, 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 and built. This was partially financed by the World Bank Group as a part of the Chad-Cameroon pipeline project. Status of EITI Implementation The EITI Board decided 15 February 2012 that the EITI Candidate status of Cameroon is renewed for 18 months (until 15 August 2013), by which time Cameroon will be required to have completed an EITI Validation that demonstrates compliance with the 2011 edition of the EITI Rules. If Cameroon does not achieve Compliant status by 15 August 2013, it will be de-listed.On 20 October 2010, the EITI Board designated Cameroon, as an EITI Candidate country that is "Close to Compliant”. Cameroon was granted six months (until 18 April 2011) to complete the remedial actions needed to achieve compliance. Cameroon was accepted as a Candidate country on 27 September 2007.IDL (in consortia with Synergy Global) has conducted the validation assessment in January 2010. The final Validation Report is available here. Cameroon published its first EITI reports covering data from 2001 to 2004, and a second report covering data for 2005. The 3rd report published in August 2010 includes the mining sector for the first time, and covers data for 2006 to 2008. 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 Tim Bittiger at the EITI International Secretariat.