Yaoundé - 22 October 2019 -

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.


On October 23, Homebiogas, an Israelian renewable energies company, will hand a biogas production kit to Nkol-Eton College in Yaoundé, Cameroon, the...
Today October 21, 2019, a delegation of French chocolate maker Puratos was in Ntui, in the Central region, Cameroonian Minister of commerce Luc Magloire...
During an interview, on October 21, 2019, Achille Nestor Basahag, director of accounting at the Cameroonian ministry of finance, revealed that in the...
In Cameroon, more than XAF3,500 billion ($5.9 billion) will be needed to reconstruct the Anglophone regions, Jacques Fame Ndongo (photo), the ruling...

Mags frontpage

Business in Cameroon n80: October 2019

Agribusiness: Brazil ready to show Cameroon the way to higher spheres

Reviewing the state of things in the North and Far North

Investir au Cameroun n90: Octobre 2019

Le coût faramineux de la « crise anglophone »

Décollage réussi pour la Transahélienne de Camair-Co