logoBC
Yaoundé - 29 March 2024 -
Energy

Cameroon to import 510,000 tons of oil products in Q3 2022, up 23.5% YoY

Cameroon to import 510,000 tons of oil products in Q3 2022, up 23.5% YoY
  • Comments   -   Monday, 09 May 2022 13:02

(Business in Cameroon) - Cameroon plans to buy 510,000 metric tons of oil products on the international market over the next quarter. Gaston Eloundou Essomba, the Minister of Water and Energy (Minee), has already launched an international call for tenders to select the suppliers. Applicants have until May 13, 2022, to submit bids.

In detail, the government will purchase 165,000 metric tons of super; 255,000 metric tons of diesel; 60,000 metric tons of Jet A1, and 30,000 metric tons of fuel oil 3500. The overall volume is up 120,000 metric tons (or 23.5%) compared to the same period in 2021. Although the minister did not explain this increase in import volume, it comes in a context where Cameroon has recently faced shortages of petroleum products, especially diesel.

Following the fire at the National Refining Company (Sonara), the country's only refinery, on May 31, 2019, Cameroon changed its system for acquiring petroleum products on the international market. This new mechanism consists of the selection, through an international tender, of four traders for a given period. The selected traders are in charge of making available large quantities of petroleum products to supply local marketers and importers with a more competitive level of premiums as a selection criterion.

S.A.

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 »