Gambia National Petroleum Company

The Mission of the Gambia National Petroleum Company is to ensure maximum benefit from the country's hydrocarbon resources through an acceptable efficient, safe and enviromentally friendly manner that will enhance and contribute to the growth of our national wealth.

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Our policy objectives include:

  • Encourage oil expolaration activities through the creation of a policy enviroment that is friendly to investors
  • Encourage the private sector to participate in the development of the sector, including building relevant infrasturcture for petroleum and Liquid Petroleum (LPG) as appropriate
  • Regulate and monitor the pricing structure of petroleum products

Financials

Fiscal Year 2016

Total Assets

D600,700,000 -28.5%

Profit / Loss Before Taxes

D515,000 139.5%

Income

D2,200,000 -8.3%

Profit / Loss After Taxes

D515,000 139.5%

Total Liabilities

D14,500,000 -98.1%

Fiscal Year 2015

Total Assets

D839,600,000 -36.8%

Profit / Loss Before Taxes

D215,000 -99.9%

Income

D2,400,000 -99.8%

Profit / Loss After Taxes

D215,000 -99.9%

Total Liabilities

D751,500,000 25.7%

Fiscal Year 2014

Total Assets

D1,328,700,000 1124.6%

Profit / Loss Before Taxes

D168,900,000 -75.8%

Income

D1,025,300,000 948.4%

Profit / Loss After Taxes

D154,600,000 -85.1%

Total Liabilities

D597,800,000 171.7%

Fiscal Year 2013

Profit / Loss Before Taxes

D108,500,000 -86%

Income

D698,300,000 143.1%

Profit / Loss After Taxes

D97,800,000 -58.3%

Total Assets

D1,036,700,000 286.1%

Total Liabilities

D220,000,000 223.1%

Fiscal Year 2012

Total Assets

D774,600,000 64.5%

Profit / Loss Before Taxes

D287,300,000 200.2%

Income

D234,700,000 102%

Profit / Loss After Taxes

D268,500,000 309.9%

Total Liabilities

D68,100,000 -41.4%

Fiscal Year 2011

Total Assets

D470,900,000 30.7%

Profit / Loss Before Taxes

D95,700,000 -4.6%

Income

D116,200,000 579.5%

Profit / Loss After Taxes

D65,500,000 -2.5%

Total Liabilities

D116,300,000 62.9%

Fiscal Year 2010

Total Assets

D360,400,000

Profit / Loss Before Taxes

D100,300,000

Income

D17,100,000

Profit / Loss After Taxes

D67,200,000

Total Liabilities

D71,400,000
  • Board Composition

    Board of Directors

    Mr Kalidu Bayo Chairman
    Mr Fafa Sanyang Member
    Mr. Abdoulie Jallow Permanent Secretary, MOFEA – (Member)
    Mr Phoday Jaiteh MD, GAMPOST (Ex-officio)
    Mr Momodou O.S Badjie MD,GNPC
    Mrs Fatoumatta Ndure Secretary
  • Contact Information
    Gambia National Petroleum Company (GNPC)
    Petroleum House
    Bertil Harding Highway
    BRUSUBI
    The Gambia
    West Africa
  • Downloads (6)
    GNPC 2019
    GNPC 2019
    GNPC 2018
    GNPC 2018
    GNPC 2017
    GNPC 2017
    CODE OF GOOD CORPORATE GOVERNANCE FOR STATE-OWNED ENTERPRISES IN THE GAMBIA
    CODE OF GOOD CORPORATE GOVERNANCE FOR STATE-OWNED ENTERPRISES IN THE GAMBIA

    This Code of Good Corporate Governance aims to define the responsibilities and accountabilities of the Board of Directors and Officers of State-Owned Enterprises (SOEs). It is the primary source of guidance on all aspects of governance including statutory guidance under which the SOEs operate if not conflicted with Acts of Parliament. The focus is on commercial SOEs at the national level in which government has significant control through full, majority, or substantial minority ownership.

    Gambia National Petroleum Company (GNPC) - 2014 Accounts
    Gambia National Petroleum Company (GNPC) - 2014 Accounts
    Gambia National Petroleum Company (GNPC) - 2013 Accounts
    Gambia National Petroleum Company (GNPC) - 2013 Accounts