Cameroon
5/18/2016
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Cameroon Overview
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EITI STATUS: Compliant country COMPLIANT SINCE: 17 October 2013 WEBPAGE: Cameroon EITI
Extractive Industries According to the 2012 EITI Report, the annual revenue from the extractive sector is around USD 1.5 billion in Cameroon. Oil is Cameroon’s main export commodity. The oil sector contributes approximately 40% of export earnings. The ChadCameroon oil pipeline also produces revenues for the government. Decline in oil production between 2006 and 2011 was caused by maturing oil fields and limited investment. The trend has been reversed due to new wells coming into production. Recent discoveries of oil and gas have renewed investment in oil exploration. Other mineral commodities produced in the country include aluminium (from bauxite imported from Guinea), cement, and sand. Smallscale artisanal mine operations recovered small amounts of diamonds throughout the country. Gold is also produced by smallscale artisanal miners in the eastern and northern parts of the country.
EITI Reporting The country produces EITI Reports that disclose revenues from the extraction of its natural resources. Companies disclose what they have paid in taxes and other payments and the government discloses what it has received. These two sets of figures are compared and reconciled.
https://eiti.org/Cameroon
1/6
5/18/2016
Cameroon | EITI
Company Payments
Government Revenues
2 000
USD million
1 500
1 000
500
0 2001 2003 2005 2007 2009 2011 2013 2002 2004 2006 2008 2010 2012 Year
Read more
EITI Implementation During its meeting in Abidjan on 17 October 2013, the EITI Board declared Cameroon Compliant to the EITI Rules. Cameroon completed the Validation? process in accordance with the EITI Rules on 15 October 2013. The Validator concluded that Cameroon has met all the requirements, and made recomendations for the strenthening of the EITI Process in the country. The MSG? had earlier approved the final Validation report on 14 August 2013 and submitted it to the International Secretariat on 15 August 2013. The 2012 EITI Report?, published in December 2014, addresses key requirements of the Standard, such as information on licenses, state ownership, production data, transit fees, and transfers to local government. https://eiti.org/Cameroon
2/6
5/18/2016
Cameroon | EITI
Read more
Innovations EITI Student Club in Douala use EITI reports for academic research and public debate Use of comic strips to explain the EITI Inclusion of oil transit through the ChadCameroon Pipeline Direct representation of treasury and tax office in MSG? working groups to enhance reporting Companies asked to sign a declaration of support to the EITI and will be required to have their reporting templates certified. Review of the Finance Law to clarify the roles and responsibilities of these bodies EITIrequested update of the mining cadastre? to better determine company coverage On 30 August 2012, the National Assembly established an EITI committee to follow implementation of the standard. Read more
National Coordinator
https://eiti.org/Cameroon
3/6
5/18/2016
Cameroon | EITI
Ms Agnès Solange ONDIGUI OWONA Cameroon EITI National Coordinator Ministry of Economy & Finance +237 77 625489 Contact
International Secretariat Anna Herbert de la Portbarré Cameroon French Coordinator EITI International Secretariat [email protected]
Bady Balde Cameroon Regional Director for Central Africa and Madagascar EITI International Secretariat +4796043106 [email protected]
Facts & Figures LATEST EITI REPORT: 2013 Report DEADLINE FOR NEXT EITI REPORT: Thursday, 31 December 2015 NUMBER OF FISCAL YEARS PUBLISHED: 13
https://eiti.org/Cameroon
4/6
5/18/2016
Cameroon | EITI
Cameroon News Cameroon publishes beneficial owners of many licenses for the first time Full disclosure of legal ownership,... Read more Cameroon mining sector is evolving Reforms in the mining sector aim to... Read more Cameroon accepted as 'EITI Compliant' Cameroon was designated as an ‘EITI... Read more Cameroon: Revenues steady although production declines Oil production in Cameroon continues... Read more Peru and Mauritania declared EITI Compliant Peru and Mauritania were this week... Read more Cameroon, Gabon, Kyrgyzstan and Nigeria designated as EITI Candidate countries that are “close to compliance” In recognition of their progress in... Read more EITI Board to decide on EITI status for eight countries The Board of the Extractive Industry... Read more EITI Board agrees status of 20 countries BERLIN, 16 APRIL 2010. The Board of... Read more
THE EITI The EITI Video What is the EITI? Benefits Implementing the EITI https://eiti.org/Cameroon
EITI COUNTRIES EITI Reports EITI countries National Coordinators Other
STAKEHOLDERS Countries Civil Society Companies Institutional Investors Partner
Stay connected EITI Newsletter
5/6
5/18/2016
Cameroon | EITI
Standard The future shape of the EITI Standard – strategy update
Countries
organisations
PUBLICATIONS NEWS EITI Standard Progress Report 2016 Show all
For media News Blog Upcoming Events Follow the EITI
ABOUT Contact Us What is the EITI? Governance History of EITI Funding Use of EITI Name and Logo Jobs Privacy Policy
Subscribe
Content use policy Unless otherwise noted, you may republish our content for free. Please give credit to our source (for web, with direct link, for print with EITI International Secretariat?, eiti.org).
?
EITI International Secretariat Ruseløkkveien 26, 0251 Oslo, Norway +47 222 00 800 [email protected]
https://eiti.org/Cameroon
6/6
ENGLISH
Cameroon | EITI
FRANÇAIS
РУССКИЙ
Search
Seeing results from natural resources EITI Countries
Cameroon Overview
Reports
Implementation
Innovations
Contacts
EITI STATUS: Compliant country COMPLIANT SINCE: 17 October 2013 WEBPAGE: Cameroon EITI
Extractive Industries According to the 2012 EITI Report, the annual revenue from the extractive sector is around USD 1.5 billion in Cameroon. Oil is Cameroon’s main export commodity. The oil sector contributes approximately 40% of export earnings. The ChadCameroon oil pipeline also produces revenues for the government. Decline in oil production between 2006 and 2011 was caused by maturing oil fields and limited investment. The trend has been reversed due to new wells coming into production. Recent discoveries of oil and gas have renewed investment in oil exploration. Other mineral commodities produced in the country include aluminium (from bauxite imported from Guinea), cement, and sand. Smallscale artisanal mine operations recovered small amounts of diamonds throughout the country. Gold is also produced by smallscale artisanal miners in the eastern and northern parts of the country.
EITI Reporting The country produces EITI Reports that disclose revenues from the extraction of its natural resources. Companies disclose what they have paid in taxes and other payments and the government discloses what it has received. These two sets of figures are compared and reconciled.
https://eiti.org/Cameroon
1/6
5/18/2016
Cameroon | EITI
Company Payments
Government Revenues
2 000
USD million
1 500
1 000
500
0 2001 2003 2005 2007 2009 2011 2013 2002 2004 2006 2008 2010 2012 Year
Read more
EITI Implementation During its meeting in Abidjan on 17 October 2013, the EITI Board declared Cameroon Compliant to the EITI Rules. Cameroon completed the Validation? process in accordance with the EITI Rules on 15 October 2013. The Validator concluded that Cameroon has met all the requirements, and made recomendations for the strenthening of the EITI Process in the country. The MSG? had earlier approved the final Validation report on 14 August 2013 and submitted it to the International Secretariat on 15 August 2013. The 2012 EITI Report?, published in December 2014, addresses key requirements of the Standard, such as information on licenses, state ownership, production data, transit fees, and transfers to local government. https://eiti.org/Cameroon
2/6
5/18/2016
Cameroon | EITI
Read more
Innovations EITI Student Club in Douala use EITI reports for academic research and public debate Use of comic strips to explain the EITI Inclusion of oil transit through the ChadCameroon Pipeline Direct representation of treasury and tax office in MSG? working groups to enhance reporting Companies asked to sign a declaration of support to the EITI and will be required to have their reporting templates certified. Review of the Finance Law to clarify the roles and responsibilities of these bodies EITIrequested update of the mining cadastre? to better determine company coverage On 30 August 2012, the National Assembly established an EITI committee to follow implementation of the standard. Read more
National Coordinator
https://eiti.org/Cameroon
3/6
5/18/2016
Cameroon | EITI
Ms Agnès Solange ONDIGUI OWONA Cameroon EITI National Coordinator Ministry of Economy & Finance +237 77 625489 Contact
International Secretariat Anna Herbert de la Portbarré Cameroon French Coordinator EITI International Secretariat [email protected]
Bady Balde Cameroon Regional Director for Central Africa and Madagascar EITI International Secretariat +4796043106 [email protected]
Facts & Figures LATEST EITI REPORT: 2013 Report DEADLINE FOR NEXT EITI REPORT: Thursday, 31 December 2015 NUMBER OF FISCAL YEARS PUBLISHED: 13
https://eiti.org/Cameroon
4/6
5/18/2016
Cameroon | EITI
Cameroon News Cameroon publishes beneficial owners of many licenses for the first time Full disclosure of legal ownership,... Read more Cameroon mining sector is evolving Reforms in the mining sector aim to... Read more Cameroon accepted as 'EITI Compliant' Cameroon was designated as an ‘EITI... Read more Cameroon: Revenues steady although production declines Oil production in Cameroon continues... Read more Peru and Mauritania declared EITI Compliant Peru and Mauritania were this week... Read more Cameroon, Gabon, Kyrgyzstan and Nigeria designated as EITI Candidate countries that are “close to compliance” In recognition of their progress in... Read more EITI Board to decide on EITI status for eight countries The Board of the Extractive Industry... Read more EITI Board agrees status of 20 countries BERLIN, 16 APRIL 2010. The Board of... Read more
THE EITI The EITI Video What is the EITI? Benefits Implementing the EITI https://eiti.org/Cameroon
EITI COUNTRIES EITI Reports EITI countries National Coordinators Other
STAKEHOLDERS Countries Civil Society Companies Institutional Investors Partner
Stay connected EITI Newsletter
5/6
5/18/2016
Cameroon | EITI
Standard The future shape of the EITI Standard – strategy update
Countries
organisations
PUBLICATIONS NEWS EITI Standard Progress Report 2016 Show all
For media News Blog Upcoming Events Follow the EITI
ABOUT Contact Us What is the EITI? Governance History of EITI Funding Use of EITI Name and Logo Jobs Privacy Policy
Subscribe
Content use policy Unless otherwise noted, you may republish our content for free. Please give credit to our source (for web, with direct link, for print with EITI International Secretariat?, eiti.org).
?
EITI International Secretariat Ruseløkkveien 26, 0251 Oslo, Norway +47 222 00 800 [email protected]
https://eiti.org/Cameroon
6/6
