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Republic of Congo
Summary
- The 2007-09 report improves significantly on the 2004-2006 report.
- It provides detailed recommendations regarding discrepancies, and information on each company included.
- A diagram clearly explains revenue flows from companies to different government agencies and the SOE's role in the sector.
- The most recent report covers the mining sector, although responses are low.
- Total oil production, and quantities and percentages owed to the government are provided and disaggregated by grade of oil.
- The report includes reconciled information on in-kind and financial revenues, however, it is difficult to determine if the in-kind payments have also been monetized and added to the financial receipts. The financial value of in-kind transfers should be clearly stated.
- The report gives no indication of which revenue streams or companies are included or excluded. The only materiality clause in the report pertains to the acceptable discrepancy between government receipts and company payments.
Data Year
2007-09
Publication Year
2010
EITI Status
Candidate
Candidate
Report Compiled by Ghelber & Gourdon
EITI report Download PDF
Source eiticongo.net
Government Receipts
$2,343,960,552.74
Company Payments
$2,293,891,127.90
GDP, 2009
BILLION US$
source
9.60
Total Government Revenue (% of GDP)
29.50
Reported EI Revenue (% of Total Revenue)
82.77
Report Quality Indicators | ||
1. Regularity | ||
| a) score | 0.33 | |
| b) total reports / implementing years | 2/6 | |
2. Timeliness | ||
| Lag between fiscal year of data and publication year. | 1 | |
3. Materiality | ||
| Report clearly defines a materiality threshold. | Yes | Pertains to the acceptable level of difference between payments made and received, with a threshold of 1% (or 2% for foreign currencies). |
4. Data Reliability | ||
| Report contains audited data from: | ||
| a) companies | No | Audited data was requested, but only some of the companies confirmed that data was from audited statements. |
| b) government | No | |
5. Coverage | ||
| Revenue data includes the following revenue streams: | ||
| a) royalties | Yes | |
| b) taxes | Yes | |
| c) surface, rental or license fees | Yes | |
| d) bonuses | Yes | |
| e) state-owned enterprise (SOE) payments | Yes | |
| f) Report covers all extractive sector companies. | No | 18/22 companies reported. |
| g) Report states the price of any product received or sold by government. | No | |
| h) Report states the quantity of resources produced. | No | |
6. Discrepancies | ||
| Report contains: | ||
| a) information on the cause of revenue discrepancies. | Yes | |
| b) reconciled data following the correction of discrepancies. | Yes | |
7. SOE Revenue Flow | ||
| SOE Revenue Flow data is clearly explained in the report. | Yes | |
8. Disaggregation | ||
| Report provides financial data on individual: | ||
| a) companies | No | |
| b) revenue streams | Yes | |
| c) projects | No | |
| d) commodities | No | by sector but not commodity |
9. Comprehensibility | ||
| Report contains: | ||
| a) a summary with key findings and revenue totals | No | |
| b) clear indication of what currencies and units of measurement are used | Yes | |
| c) written explanation of key findings and recommendations | Yes | |
| d) a clear definition of terms | Yes | |
10. Accessibility | ||
| Report is available: | ||
| a) in at least one official language | Yes | Not in any of the vernacular languages |
| b) on a government website | Yes | |
Related Indicators | ||
| Revenue Watch Index, | N/A | |
| Corruption Perception Index, 2010 | 154/178 | |
| Open Budget Survey, | N/A | |
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