Senegal: EITI application

Senegal has submitted a candidature application to the Extractive Industries Transparency Initiative (EITI). The application will be considered by the EITI board at its next meeting in October. “As part of the EITI process, Senegal will publish all mining contracts, as well as revenue to be derived from these contracts,” said President Macky Sall. Senegal’s mining industry accounts for some 20% of export earnings and 20% of GDP. The country has a small amount of onshore gas production, but exploration is under way offshore, where Tullow Oil hopes to replicate the success of its West African Cretaceous play, and ConocoPhillips and Cairn Energy farmed into three blocks held by Australia’s FAR earlier this year.