(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.