The 2014 EITI Report recommends reviewing the legal and fiscal framework in light of the lack of production.
The EITI Board accepts the São Tomé and Príncipe EITI National Committee’s request for adapted implementation with respect to reconciliation of revenues and disclosure of contextual information related to the Nigeria- São Tomé and Príncipe Joint Development Zone. The request is accepted concerning the 2015 and 2016 EITI Reports. In line with the request,
Revenues mainly from signature bonuses, no oil found yet.
Latest EITI Report gives clear status update on petroleum exploration in the island nation.
Fifteen years of oil exploration in São Tomé and Principe (STP) have so far resulted in more costs than income, according to the recently published 2015 STP-EITI Report. Recent activities in the Exclusive Economic Zone (EEZ) offer hope for a turn around,
The international EITI Board approved Sao Tome and Principe's application for EITI Candidate status at its meeting in Lusaka on 26 October 2012. As an EITI Candidate country, it has to start disclosing payments from its extractives sector, and meet all the requirements in the EITI Standard within 2.5 years to become EITI Compliant.
REQUEST FOR EXPRESSIONS OF INTEREST
Democratic Republic of Sao Tome and Principe
Sao Tome and Principe’s Extractive Industries Transparency Initiative (EITI)
Preparation of the First EITI Reports for the Nigeria – Sao and Principe Joint Development Zone and for the Sao Tome and Principe Exclusive Economic Zone
The EITI Board commends São Tome and Principe (STP) for its continued commitment to improving transparency in petroleum operations and revenue management ahead of any potential production.
29 June 2018 – São Tome and Principe was today assessed as having made meaningful progress in meeting the EITI Standard. In making its decision, the EITI Board acknowledged the significant efforts of STP in addressing its corrective actions raised from the first Validation – the EITI’s quality assurance m
EITI Board assesses the island nation as having achieved “meaningful progress” against the EITI Standard.
The EITI Board decided on 1 October that the Seychelles has made “meaningful progress” overall in implementing the EITI Standard, following the conclusion of the Validation process – the EITI’s quality assurance process.
The Board recognises the commitment by the Government of Seychelles and the Multi-Stakeholder Group (MSG) to good governance in its nascent oil sector and commends the
The African island nation makes meaningful progress and is making information about the nascent petroleum sector available to the public.
Wednesday 8 March - The EITI Board declared that São Tomé and Príncipe has made meaningful progress in implementing the EITI Standard. Validation is the EITI’s independent evaluation mechanism.