Cameroon – Energy: Chad-Cameroon Pipeline: The Cameroonian side received CFAF 27 billion in transit duty between January and October 2016

Written by Deckson N.

In the Chad-Cameroon pipeline, 35.12 million barrels of oil were removed at the Komé-Kribi 1 terminal between January and October 2016, compared with 38.56 million barrels during the same period the previous year, according to information from the Pipeline Monitoring Committee (CPSP) chaired by Cameroonian Adolphe Moudiki.

These quantities of oil generated for Cameroon a transit right of 26.87 billion FCFA compared to 29.48 billion FCFA during the same period in 2015. This drop in the quantity of petroleum products and rights has pushed the Committee considered the possibility for new shippers of crude oil to access the Chad-Cameroon pipeline. To this end, the CPSP states that “studies on the connection of Overseas Petroleum Investment Africa Chad Branch (Opic) are continuing normally. This is also the case for studies designed to facilitate the flow in the pipe of crude oil from all new shippers “.

Concerning the environmental aspect, the Steering Committee informs that the management of pollution due to hydrocarbons was marked by the organization of an information meeting of the peruvian companies practicing in Cameroon on the modification of the criteria of the International Funds of Compensation Damage due to pollution of hydrocrabodies, and the definition of “ship“. The purpose of this amendment is to make more offshore oil facilities eligible for compensation in the event of a disaster, the CPSP said.

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Deckson N.

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