Transit fees collected on Chad-Cameroon pipeline surged by 24.32% to XAF36.59 bln in 2019 (SNH)

Business in Cameroon | In 2019, Cameroon generated XAF36.59 billion (+24.32%) of transit revenues on the Chad-Cameroon pipeline, according to figures recently published by the National Hydrocarbon Company (SNH).

This growth, the SNH reveals, is due to the implementation of amendment No. 2 of the agreement establishing the Cameroon Oil Transportation Company (Cotco), operator of the Chad-Cameroon pipeline. According to this amendment, transit fees were updated on September 30, 2018, from US$1.30 to US$1.32 per barrel.

During the period under review, six transporters worked on this pipeline: China National Petroleum Corporation International Chad, Cliveden, Royalty In Kind, Société des Hydrocarbures du Tchad, ExxonMobil, Petronas, Petro Chad Mangara, Glencore, Petroleum Chad Company Limited. These companies carried out 50 removal operations totaling 47.26 million barrels at the Komé-Kribi terminal (KK1).

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  1. 47.26 x 1.32 =62 million dollars = more XAF than what they are quoting here ,isn’t it ?

  2. It is not possible to prosper economically by simply exporting raw materials. The amount of money you make does not matter because it is a terrible circle where hard currency earned is used to import the countries needs. If it was used to import agriculture and industrial machinery to upgrade, modernise and improve national propductivity and industrial Competitiveness. Not only will riches be created reducing imports, millions of jobs will be created and the country in question will move from importing manufactured products to exporting them. This will futher enable the country to expand its industrial base, moving into capital and technology intensive domains like pharmaceuticals, steel, etc. All this because it has foreign earnings to import top quality machinary often very expensive..

    • @Bah, it is not that yaounde, doesn`t know your school of thought. Simply put,
      they want quick money to put in private use and which ends up being wasted.

    • Bah Acho @ nowadays expensive machinery is too expensive to service and are not game changers at all for developing countries If you look at anything you buy it’s gotta give back a good PE which is considering how much it cost ( including transport set up ,maintenance and how much interest I pay while building up a profit to pay for all of that.there aren’t a lot of expensive high tech machinery that are worth it .Smaller robust well made machines off companies that already serve their own countries without bothering to export give a much better deal ( normally you pay up front though ) have cheaper replacement parts and bother to explain how to repair them .
      I don’t see rich Arab countries making the pipes for their pipe lines but maybe they make their own tarmac bi products

      • PYRNE,,,, there are no two ways for a country that aspire to industrialise through manufacturing to import the most recent machinery with cutting edge technology to modernise and upgrade productivity bringing down production cost while improving quality of goods. Secondly any country with long term ambition to catch up and surpass competitors technologically can not resign to using second hand machinery. If not, how will it master the most recent technologies while using second hand outdated machinary?

  3. In the West the debate about environmental issues surrounding such a pipeline is a huge one. They won’t allow so many trees & much vegetation to be destroyed while dissecting the country by pipes carrying wealth for America, France and China.
    I advocated for AU to set up stocks for regional engineering companies owned and managed by Africans to construct projects on the continent. Instead of dissecting the forest and savannah, Cameroon should have lobbied for a major and modern rail line from the north and a high speed express way linking Maroua to Douala. Until date, you have to go from Douala through Y’de and Ngaoundere to Maroua.
    They easily get us through dictators because such deals are exchanged for protection in power. I believe Cameroon has potential but Biya & cronies have failed

    • So you believe that the so called west is concerned with the environment? Where is thier forest? Climate change is a strategy thought and put in place to hold us from bringing down our forest for industrial agriculture to enrich ourselves and escape predators. Try to think critically putting our interest in mind.

      • @ Mr. Bah,

        Think critically?
        Read my post again. I understand not everyone is as erudite or articulate and I make my writeup simple for everyone to understand.
        My contention is not about climate change, I just pointed to the argument Westerners use and the hypocrisy or about-face when it comes to Africa. I hope that helps.

  4. Bah Cho, where is the dam you once claimed you were constructing for irrigation? In that write-up, which was in response to a certain John Dinga, you claimed India was facing a shortage of rice and that instead of people using irrigation to farm rice and export, they were busy complaining about politics — difficulty to obtain land title due to bureaucratic bottlenecks. The discussion was about what Lele L’Afrique is doing in UpStation Bamenda.
    You claimed you bought land and easily acquired the title and intended to carry out irrigation. How far have you gone with the irrigation project and where is it located? You are a joker.

    • The problem with people like you is that you have been conditioned to hate farming. So all your arguments are geared towards, it is not possible. So i should tell you where my farm is for you to send criminals to come and sack everything? You do not need sophisticated science to install even solar pumps costing 500 dollars in china to pump water from the ground and irrigate your farm. One solar pump can irrigate up to 20 hectares of land. Try it first, politicians owe us nothing.

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