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Yaoundé - 20 April 2019 -
Hydrocarbons

Three multinationals control 46% of gas station networks in Cameroon

Three multinationals control 46% of gas station networks in Cameroon
  • Comments   -   Thursday, 06 December 2018 13:29

(Business in Cameroon) - In Cameroon, the number of service stations has almost tripled over the past 15 years, from 300 in 2000 to 814 currently, according to internal statistics from the Ministry of Water and Energy.

Though the majority of the 38 station operators are locals, statistics showed, 46% of the network is controlled by three multinationals namely Total, MRS Corlay and Oilibya.

More specifically, Total remains atop the list although the company has lost some market shares due to competition in recent years.

BRM

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