logoBC
Yaoundé - 28 March 2024 -
Energy

Cameroonian oil production expected to decline to 65,000 barrels per day in 2018, says S&P

Cameroonian oil production expected to decline to 65,000 barrels per day in 2018, says S&P
  • Comments   -   Saturday, 13 June 2015 01:55

(Business in Cameroon) - The current rise in oil production in Cameroon should be short-lived. Indeed, after crossing the 100,000 barrel per day threshold in 2002 in the first four months of 2015, the production rate will fall to 65,000 barrels per day in 2018.

This was revealed by the American ratings agency, Standard & Poor’s (S&P), which cites the Cameroonian government’s forecasts, including the State-run oil company, Société nationale des hydrocarbures (SNH).

However, in the immediate, according to the public company’s projections, oil production in Cameroon should double in 2016 to around 57 million barrels, compared to 27 million barrels in 2014 and 24.4 million barrels in 2013.

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »