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Cameroon gains 283b fCFA from oil and gas sales

APAnews | Oil and gas sales raised 283.71 billion CFA francs for the Cameroonian state coffers during the three quarters of 2018, the National Hydrocarbon Company (SNH) announced in its sectoral report seen Friday.

According to the state-owned company in charge of oil transactions, revenues increased by 20.31 per cent compared to the same period last year.

The SNH added that the increase is explained by a rise in oil prices per barrel over the last year in the world market.

During the same period, the SNH claimed to have paid a dividend of 6 and 7.4 billion CFA francs to the state.

Regarding the quantities put up for sale, SNH announced that 9.716 million barrels of oil were sold, representing a decrease of 21.21 per cent.

Liquefied natural gas (LNG) and the quantities marketed amounted to 258,755 million m3, or 5 958.46 billion British thermal units (BTUs).

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6 comments

  1. The National Interest(TNI)

    Unfortunately the common man cannot feel the impact of all these statistics on his daily life due to greed and selfishness of those governing.

  2. SEPARATIST aka SECESSIONIST

    “One and indivisible” SC is blessed with abundant natural resources.
    Little wonder that “one and indivisible” LRC will stop at nothing to impose a FAKE “Vivre ensemble” because of the abundant natural resources in SC.
    One thing is clear: Citizens of SC and LRC can NEVER EVER “vivre ensembe” in peace. This is so because the two “peoples” manifest DIFFERENT characteristics and affinities, which include different history, linguistic tradition, territorial connection, and political outlook.

  3. First, SNH reported that the price increase is due to the increase of price compared to the same period last year, which is correct. However, to insinuate that supply reduced by 21.21 percent and revenue went up 20.31 percent is a fat LIE. The average price increase between 2017 and 2018 is 24 percent.

  4. Fake regime, fake reports. Why then, are salaries, bonuses etc, not being paid?
    Stories of no water, garbage in big towns, joblessness etc.
    Surely, there is a mafia group, put in place and whose responsibility it is, to always
    paint a gloomy picture of the country, internally and abroad.
    Those who call themselves elites, surely should know this, but the crookedness
    of Mr. Biya`s grib of power, prevents any of them, to open the mouth.
    Cameroonians, have allowed tyrany, to run what belongs to all.

  5. Honestly how many percent of Cameroonians care? I wish they could reduce the cost of fuel in cameroon. 630 frs per liter is just soo much.

  6. EMBA BOYS WANT TO FINISH THE POPULATION THEY WILL GOVERN TOMORROW , BEFORE THEY PUT DOWN ARMS. THIS IS A VERY PATHETIC SITUATION.

    WHEN THE WAR IS WON , NO POPULATION TO CONTRIBUTE TO THE DEVELOPMENT, THEN CAMEROON WILL FINALLY BE ONE. I WILL THEN MOVE IN AND CHOOSE A NICE PIECE OF LAND FOR MYSELF.

    ******PLEASE DO NOT STOP UNTILL ALL YOUR POPULATION ARE FINISH **** PLEASE I BEG…