Overview of Extractive Industries

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 first report, covering 2007 and 2008 is being finalized by Deloitte (expected to be published in late February 2010). The National Commission selected local firm  Media Communications for the dissemination of the first report. Hart Nurse Limited was selected to conduct validation on the 30th January 2010. Hart Nurse consultants are expected in Malabo in mid-February 2010 and a first validation report is scheduled for the first week of March 2010. 

Governance of EITI Implementation

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 

Tel.+240 291108

Juvenal Bielo ( Office of the National Coordinator)
Email ge [dot] eiti [at] gmail [dot] com

Deputy National Coordinator

Santiago Nsobeya Barreiros

An Equatorial Guinea EITI website is to be developed.

Companies operating*

Oil & gas companies: ExxonMobil*, Hess Corp*, Marathon*, CNOOC (China), CNPC (China),  GEPetrol, Petronas, Noble Energy, Tullow Oil, Repsol*, Roc Oil, Vanco Energy.
* EITI Supporting Company

* Note: Company list based on EITI research and is not conclusive

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