Republic of the Congo

Statut ITIE Progrès significatifs
Joined EITI in 2007
Dernières données de 2017
Latest Validation 2019
Last updated 17 February 2021

Overview

The country is a leading producer of crude oil, representing around 90% of the exports of the country. It also exports gold and diamonds and generates revenues through the forestry sector. Yet social conflicts have arisen around management of revenues, subnational transfers and environmental impacts of the extractive industries. The EITI has supported greater transparency in sales of the state’s share of in-kind oil revenues and Parliament is now using EITI Reports as a control tool in approving the state’s budget. The national EITI structure has led outreach to oil and diamond producing regions, generating public debate. At the end of 2020 EITI in Republic of Congo published an EITI report for the fiscal year 2018.

Transparency and good governance are key points of the Government’s societal programme. The prospect of an emerging Congo is being realised: its modernisation and industrialisation are ongoing and using as a base the oil and mining revenues, which are now disclosed publicly on a routine basis through the EITI.
Michel Florent Okoko, head of the Petroleum, Mines and Hydraulic Energy Department of the Ministry of Economy, Finance and Budget.

Production

The Republic of the Congo is a leading producer of  crude oil (fifth largest in sub-Saharan Africa). The country is also a producer of diamond, gold, copper and iron. Oil and gas development is taking place offshore, in the Gulf of Guinea.

Natural resources

The Republic of the Congo has rich natural resources deposits and a potential in notably crude oil, iron, gold, diamond, phosphate, potach and magnesium. An important share of its mining resources are for now unexploited due to a lack of transportation infrastructure and difficulty to raise funds. The mining sector is thus still under development phase.

Revenue collection

The latest EITI disclosures (2018) show that the Republic of the Congo received 1 116 billion Franc CFA from extractive industry taxation. Almost all (97.19%) of these revenues came from hydrocarbons, mainly crude oil, with the rest coming from forestry (2.67%) and mining (0.14%). Revenues were mainly collected through the state’s share of in-kind revenue.

Initializing chart.

Innovations

The EITI encourages multi-stakeholder groups to explore innovative approaches to make the EITI more relevant and useful.

  • The publication of quarterly reports that include, data on oil sales by the state owned enterprise ("Société Nationale des Pétroles du Congo"/SNPC) and revenue transfers between the latter and the treasury.
  • Coverage of crude from production-sharing agreements and its monetization in EITI reporting.
  • Companies now pay taxes directly to the Treasury and not to intermediary state institutions (as a result of lessons learned from EITI reporting).
  • Coverage of social payments in EITI reporting.
  • Tripartite MSG chairmanship.
  • Civil society representatives on the MSG have led on the organisation of Validation.

Implementation

The government announced its intention to implement the EITI in a statement by the Minister of Mines, Industry and Geology at the 2nd EITI Global Conference in London on 17 March 2005. The Republic of Congo joined EITI in 2007.

The 2020 work plan details 5 objectives: Improve internal governance, Sustain EITI implementation, Integrate EITI implementation in government and companies systems , reinforce systematic disclosure and improve communication and relations with stakeholders.

Governance

 The 27 December 2019 decret describes the functioning and the organization of the Multi Stakeholder group (MSG). The MSG is under the authority of the Minister of Finance, Mr Calixte Nganongo. The National Coordinator is Mr Michel Okoko. 

Timeline

Validation

The EITI Board agreed on 11 September 2020 that the Republic of Congo has made meaningful progress with considerable improvements in implementing the 2016 Standard.

The Republic of Congo's third Validation is scheduled to commence 1 July 2022.

Republic of Congo's progress by requirement

Nous recommandons l'utlisation d'Adobe Acrobat PDF reader pour accéder aux contenus et fonctions de ce document. Téléchargez le programme gratuitement ici : https://get.adobe.com/reader/

Compare key figures in EITI Reports

The quick summary tool below allows you to compare key figures from EITI Reports with each other.

All available summary data files for EITI Reports have been uploaded to our website. These files are also stored on a google drive, accessible through the link below. The files are in Microsoft excel format.