Search results

Côte d’Ivoire has joined the Extractive Industries Transparency Initiative; New PM as Conte’s circle consolidates.

The new government named after last year’s violent general strike is keen to speed up the revision of oil and mining contracts, but is meeting resistance from President Conté’s inner circle, writes Our Conakry Correspondent.

The World Bank has launched a new initiative to develop and expand the principles of the Extractive Industries Transparency Initiative (EITI). The Bank says its EITI++ initiative seeks to develop national capability to handle the boom in commodity prices and channel growing revenue streams into fighting poverty, hunger, malnutrition, illiteracy and disease.

US-based Hyperdynamics says the government has given the go-ahead for offshore seismic acquisition, even though it is reviewing its 2006 production-sharing contract. Calgary-based Geophysical Service Incorporated is acquiring 2D seismic as a first phase of a multi-client contract for 2D and 3D seismic.