logoBC
Yaoundé - 30 November 2021 -
Energy

Cameroon loses XAF32 bln yearly to illegal oil product handling, the SCDP claims

Cameroon loses XAF32 bln yearly to illegal oil product handling, the SCDP claims
  • Comments   -   Friday, 29 October 2021 14:33

(Business in Cameroon) - Cameroon loses XAF32 billion to illegal oil product handling yearly, according to Véronique Moampea Mbio, director-general of  Cameroon Petroleum Depot Company (SCDP). Apart from those net losses, the activities also destroy the environment because operations like adulteration are carried out in inappropriate areas leaving chemical residues in the soil and destroying the fauna and flora, she added. 

The activities referred to by the SCDP under the term “illegal handling” include adulteration of oil products with other substances, transportation of those products in inappropriate equipment, storage of oil products in places not meeting the required standards, and siphoning fuel or gas from tankers and gas tank.

For SCDP experts, those acts expose perpetrators, that are usually not qualified personnel, to several hazards and even to the loss of human life. An example of the hazards of such acts is the damages sustained during the recent explosion of a private property that was converted into a gas-filling plant by traffickers in Yaounde. 

To raise awareness of the dangers of these practices, and help mitigate the damages, SCDP recently launched a national campaign against the illegal handling of petroleum products. "We are planning to set up call centers and perhaps, later on, initiate TV and radio broadcasts to raise awareness and denounce this practice," announced Véronique Moampea Mbio.

The campaign was launched in the northern part of Cameroon, where intense smuggling of petroleum products with neighboring Nigeria has been going on for years. Oil products smuggling is thriving in those regions (North, Adamaoua, and the Far North) because they have few filling stations that supply residents. So, they systematically recourse to  "zoua zoua", the usual name for adulterated super or diesel fuel smuggled from Nigeria. In the regions, zoua zoua is readily sold by the roadsides by people of all ages. 

Brice R. Mbodiam

cameroon-government-to-raise-xaf184-bln-from-the-local-banking-sector-in-2022
Cameroon plans to raise XAF184 billion from the local banking sector in 2022, the 2022 draft bill currently being reviewed by the parliament reveals....
cameroon-sabc-group-contributes-xaf1-bln-for-the-implementation-of-noso-reconstruction-plan
In its capacity of executing agency for the reconstruction of the Northwest and Southwest, the UNDP resident representative signed a XAF1 billion...
subcontracting-the-cameroonian-electricity-sector-provides-xaf40-bln-annual-revenue-to-700-local-smes-smis
The 700 local firms offering subcontracting services in the Cameroonian electricity sector generate XAF40 billion turnover annually. The figure was...
south-korea-to-invest-xaf4-bln-for-the-construction-of-3-digital-campuses-in-cameroon-in-2022
South Korea will invest XAF4 billion for the construction of three digital campuses in Cameroon in 2022, according to Jonghan Kim, South Korean ambassador...

Mags frontpage


Business in Cameroon n105: November 2021

Forget cash, Cameroonians are in on e-money!


Erwan Garnier: “Clearly, the Cameronian hospitality sector will develop”


Investir au Cameroun n115: Novembre 2021

Adieu le cash Les Camerounais s’emparent de la monnaie électronique


Erwan Garnier: « Le secteur hôtelier camerounais va clairement se développer »

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month
next
prev