Petroleum Africa
Find us on: 
Wednesday, July 10, 2013
Release
The African Union Commission Chairperson, H.E. Dr. Nkosazana Dlamini Zuma has called for total transparency and accountability in extractive industry transactions on the African continent. Dr. Dlamini Zuma reiterated this call in an audience with visiting French Minister for Development, H.E. Pascal Canfin on July 8, in Addis Ababa.
Zuma drew attention to the primary need for African countries to build their capacity to ensure that signed contract agreements are not one-sided. “Many African countries don’t have the capacity to determine production costs and revenue. We must be able to know how much the companies are extracting; how much they are declaring, and certainly, how much they are paying as taxes.”
The AU Commission Chairperson strongly recommended that African countries and those who want to support them should help train Africans to follow the processes from the beginning to the very end. “It is only then that we can talk of transparency,” Zuma said.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
