(Business in Cameroon) - The Pipeline Steering & Monitoring Committee (CPSP) that coordinates the management of the Chad-Cameroon pipeline has just announced that China National Petroleum Company (CNPCIC) has been the second operator of the Chad-Cameroon pipeline since January 2015, following Caracal Energy Inc, to enter a production sharing contract on the Mangara/Badila in Chad. Caracal Energy poured its first cargo of Chad crude oil (950,000 barrels) via the Chad-Cameroon pipeline on March 24, 2014.

These new operators’ activities have led to the quantity of Chad oil transiting the Chad-Cameroon pipeline doubling in late April 2015. According to the sales published CPSP, there have been 15.76 million barrels of oil over four months, compared to 10.46 million barrels for the same period in 2014.

Chadian crude oil brought the Cameroonian Treasury Department a total of 12 billion FCFA in fees, up by 86%, compared to 6.5 billion amassed over the same period the year before.

This explosion in oil pipeline fees comes from the duty revaluation that occurred on October 29, 2013. It rose from 195 FCFA (0.41 dollars) per barrel to 618 FCFA (1.30 dollars) per barrel, after bitter negotiations between the Cameroonian government and COTCO, which managed the Cameroonian side of the pipeline.