Côte d’Ivoire: EITI compliant

The Extractive Industries Transparency Initiative (EITI) designated Côte d’Ivoire an EITI compliant country on 22 May. The EITI board commended the improved quality of the country’s 2011 EITI report compared to its previous report – all companies reported their payments, showing the government received over $393m in taxes, fees and royalties from the oil, gas and mining sectors in 2011. Oil and gas revenue increased from $220m in 2010 to almost $300m in 2011, with extractive industries contributing 10% of overall fiscal revenue in 2011, up from 6% the previous year. Côte d’Ivoire underwent its first EITI validation in late 2010 but did not reach compliance.