Overview of Extractive Industries in Equatorial Guinea

Equatorial Guinea is a small country (28,051 sq km) with a population of 616,459 inhabitants. The discovery and exploitation of large oil reserves have contributed to dramatic economic growth in recent years. Commercial exploitation of oil started in the last five years. In 2004 it exported 371.000 barrels/day and it is estimated that production is now circa half a million barrels a day. As oil is nearly 90% of the economy, this has made that per capita GDP have reached $12.900.

Status of EITI Implementation

Equatorial Guinea obtained Candidate status from the EITI Board on February 22, 2008. It has now until March 2010 to get validated as a Compliant country.

The Government decreed the creation of a National Commission responsible for implementing the EITI in May 2005. Later in July 2007, it also decreed the appointment of the National Coordinator and her Deputy. Additionally, another decree of July 30, 2007 regulated the participation of Civil Society in the National Commission.

Governance of EITI Implementation in Equatorial Guinea

Governance of EITI Implementation in Equatorial Guinea

A National Commission is responsible for implementing the EITI, it is comprised of:

• Members of the Government and the Public Administration
• Representatives of the hydrocarbon producers
• Representatives of the Civil Society:
  • 5 Members from the Political Parties
  • 3 Members from the NGOs
  • 2 Members from Religious congregations
  • 5 Members from Associations or other groups

National Coordinator

Francisca Tatchoup Belope
Tel.+240 09 63 12 Raquel Ntorabang Olomo

Office of the National Coordinator
Email ge.eiti [at] gmail [dot] com

Deputy National Coordinator

Santiago Nsobeya Barreiros

An Equatorial Guinea EITI website is to be developed.

For further information, please contact Francisco Paris in the EITI International Secretariat.