logoBC
Yaoundé - 24 February 2020 -
Hydrocarbons

Cameroon gets XAF11.5 bln from Chadian oil transit charges between January and April 2019, up 38.1% YoY

Cameroon gets XAF11.5 bln from Chadian oil transit charges between January and April 2019, up 38.1% YoY
  • Comments   -   Tuesday, 04 June 2019 15:08

(Business in Cameroon) - Between January and April this year, the Cameroonian treasury collected XAF11.5 billion from transit charges of Chadian oil, according to the Pipeline Steering and Monitoring Committee (CPSP).

CPSP says the amount is up 38.1% compared to the same period in 2018 when the transit duties generated XAF8.3 billion. Higher revenues resulted from “the increase in crude oil volumes shipped from the pipeline terminal, due to the higher production by new shippers,” CPSP suggests. Over the period reviewed, it’s reported, 15.1 million barrels of Chadian oil were shipped from the Kribi terminal in the southern region of Cameroon, compared to 12 million barrels between January and April 2018.

Another reason for the increase in revenues is the revaluation of transit charges on 30 September 2018, officially increasing from $1.30 to $1.32 per barrel. This revaluation was carried out in accordance with the provisions of amendment No. 2 to the establishment agreement of Cotco, the company that manages the pipeline on the Cameroonian side.

BRM

coronavirus-cemac-countries-prepare-a-common-prevention-and-preparedness-roadmap
On Feb 18, 2020, the Sipopo International Conference Centre, Equatorial Guinea, hosted the meeting of national experts from partner countries and...
cameroon-adc-purchases-xaf760-mln-worth-of-airport-support-equipment
Aéroports du Cameroun (ADC), in charge of airport platforms in Cameroon, informs it recently acquired new manufactured support equipment by French Miloco...
bncrf-dismantles-contraband-network-in-douala
In mid-February, fraud repression agency BNCRF conducted a lightning raid in Douala. During the raid, boxes of “Château Barreyres” branded wines of...
moroccan-business-school-esca-advertises-its-trainings-to-cameroonian-students
For some days now, a delegation of officials and Cameroonian students of Morrocan business school ESCA have been in Cameroon. During the tour, started in...

Mags frontpage


Business in Cameroon n84: February 2020

Money transfer business Cameroon is on the front line


Interview: «Shifting from bureaucratic management to efficient public management»


Investir au Cameroun n94: Février 2020

Sociétés de transfert d’argent Le Cameroun au cœur de la bataille


Entretien : « Passer d’une administration bureaucratique à une gestion publique performante »