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Yaoundé - 16 January 2019 -
Energy

Chadian oil transit duties' revenues in Cameroon drop by close to FCfa 2 billion during 1st quarter 2017

Chadian oil transit duties' revenues in Cameroon drop by close to FCfa 2 billion during 1st quarter 2017
  • Comments   -   Thursday, 25 May 2017 11:43

(Business in Cameroon) - During the first quarter 2017, revenues generated by transit duties for Chadian oil in Cameroon via the Chad-Cameroon pipeline peaked at slightly over FCfa 9 billion, a decrease of FCfa 1.8 billion compared to the FCfa 10.8 billion collected over the same period in the previous year.

This drop in transit revenues is explained by the slowdown noted in the oil production in Chad, mainly due to the prices for this commodity which have become less attractive on the international market for some months.

Indeed, as highlighted by the Société Nationale des Hydrocarbures (SNH), Cameroonian State-owned company in oil production, during the first quarter of 2017, only 11.2 million oil barrels of Chadian oil transited through Cameroon, against a little over 14 million barrels during the first quarter of 2016.

BRM

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