Cameroon will save XAF150 bln yearly thanks to new petroleum products’ supplying mechanisms (MINEE)

Business in Cameroon | Jun 3, 2020 at 6:32 PM
  • During a media appearance last May 31,  the Minister of Water and Energy (Minee), Gaston Eloundou Essomba (photo) stated that this year, Cameroon has put in place a new “mechanisms for the sustainable supply of the [oil] market in order to minimize costs and possible shortfalls which would continue to expose the State’s treasury.”
  • Before last December 23rd, “traders were delivering petroleum products to Cameroon with bonuses that reached record levels of $128 per ton for super and $176 per ton for diesel.”
  • Between February and May 2020, Sahara Energy had delivered 300 million litres of fuel on Cameroonian soil.