The Cameroonian Green Oil company has just launche the distribution of domestic gas, we learn from good sources. The company has already enticed some deposits owners recognized on the posters pasted on the walls, and on which one can read: “Gas Green Oil already available here (Gaz Green Oil déjà disponible ici).”
Modeste marketer of petroleum products in Cameroon, which began operations in 2011, Green Oil arrives on the highly competitive domestic gas market, but still holds opportunities. Especially with the financial difficulties currently facing the MCTM, the leader, with 33% of market share in 2015, against 38% in 2013.
Additionally, in Cameroon, household demand in domestic gas increased on average by 8% each year, according to the Stabilization Fund hydrocarbon prices (HSPC) revealing the possibility for new entrants to gain some market share.