(Business in Cameroon) - Already present in exploration and oil and gas mining in Cameroon through Addax Petroleum, China’s largest oil and gas group, Sinopec, created Sinopec International Petroleum Service Corporation Cameroon or Sinopec Service Cameroon Ltd for short on October 2, 2014. According to the legal announcement, the new entity significantly broadens Sinopec’s product range in Cameroon.
Apart from exploration and oil and gas mining, Sinopec Service Cameroon Ltd plans to be involved in some or all of the following: oil product trading, bitumen production, oil product quality control, lubricant production and sale as well as oil refinement. In the latter area, Sinopec is first in Asia and number three worldwide.
Directed by Huang Xialong, its first Managing Director, the new subsidiary of the Chinese oil and gas group, which has increased its overall oil production by 40% in Cameroon, is based in the country’s economic capital, Douala.