August 5th 2011 - 11:47AM ... Bady Balde
Candidate country
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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 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. Implementation of remedial actions is currently under review by the Board. 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.
