logoBC
Yaoundé - 28 March 2020 -
Public management

Cameroon: SCDP’s storage capacity is not yet complying with stocks regulation (CTR)

Cameroon: SCDP’s storage capacity is not yet complying with stocks regulation (CTR)
  • Comments   -   Friday, 20 March 2020 10:45

(Business in Cameroon) - In Cameroon, SCDP’s storage capacity is not yet compliant with strategic oil stocks regulation, according to a recent report by the Technical Committee for Rehabilitation of Public and Para public Sector Enterprises (CTR). To date, the CTR indicates, SCDP's safety stocks are 110,000 m3 (i.e. 20 days of autonomy instead of the regulatory 30 days) while the running stock is 55,000 m3 (i.e. 10 days of autonomy instead of the regulatory 15 days).

"Following the regulations, the emergency stocks, also known as strategic stocks, established by the government to deal with a serious supply disruption, should represent 30 days of autonomy (155,000 m3 of petroleum products), while the running stock should represent 15 days of autonomy (83,000 m3) and the commercial supply at 10 days of autonomy (51,000 m3)," the CTR reports.

Therefore, the CTR concludes, the SCDP’s storage capacity needs to be boosted by 108,000 m3 for white products (gasoline, diesel, kerosene, etc.) and 15,000 metric tons (MT) for LPG or domestic gas. "The priority would be to first build 35,000 m3 of the reserves in Douala and for the second phase, build 30,000 m3 in Yaoundé,” it adds.

In 2019, SCDP launched a selection process for companies that will build two 10,000 m3-diesel storage tanks in its depots in Yaoundé and Bafoussam. However, there is no indication of the status of the project.

S.A.

bowleven-to-hand-back-its-bomono-block-exploration-license-to-cameroon
British oil and Gas company Bowleven plans to hand back its exploration license on the 2,328 km2 Bomono gas block, onshore Cameroon, to Cameroonian...
cameroon-to-raise-xaf45-bln-on-the-public-securities-market-to-fight-the-coronavirus-pandemic
On April 8, 2020, Cameroon will launch the first bond of a series of three on the BEAC money market. According to internal sources at the Ministry of...
cameroon-nexttel-ordered-to-immediately-postpone-implementation-of-new-performance-based-salary-calculation
There is a new development in the case between employees and the general management of Nexttel/Viettel over the new salary calculation method the company...
cameroon-currency-crisis-and-speculation-boosted-the-price-of-bread-and-cereals-in-2019-ins
In a recent analytical note about the Cameroonian consumer market in the 2019 fiscal year, the National Institute of Statistics (INS) reveals the causes...

Mags frontpage


Business in Cameroon n85: March 2020

Minim Martap«It might be the best bauxite ever at the moment»


The necessary reform of Cameroonian public firms


Investir au Cameroun n95 Mars 2020

Minim Martap« Peut-être la meilleure bauxite au monde à ce jour »


La nécessaire réforme des entreprises publiques camerounaises