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Yaoundé - 23 August 2019 -
Energy

Cameroonian oil production reaches 100,000 barrels per day for the first time since 2002

Cameroonian oil production reaches 100,000 barrels per day for the first time since 2002
  • Comments   -   Saturday, 06 June 2015 02:59

(Business in Cameroon) - In the first four months of 2015, oil production in Cameroon passed the 100,000 barrel per day threshold (compared to 60,000 barrels per day a year ago), according to Société nationale des hydrocarbures (SNH), which specifies in a June 4, 2015 release that this had not happened since 2002.

This sustained pace of production led to an increase in the overall volume of crude, as noted on April 30, 2015, by 17.34% to 10.33 million barrels, revealed the SNH, the State-run oil production and exploration company.

In light of this increased oil production in Cameroon, despite the global slump in oil prices, oil production is expected to double in 2016, stated the World Bank in its economic report on Cameroon. “According to the Société nationale des hydrocarbures’ projections, production could reach 57 million barrels in 2016, compared to 2013’s 24.4 million barrels,” noted the Bretton Woods institution.

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