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Transit fees from Chad-Cameroon oil
pipeline up 2.5% in 10M-2020
CAMEROON CAMEROON’S Pipeline Steering and Monitor- said. They identified the shippers in question
ing Committee (PSMC) said last week that it had as PétroChad Mangara, an affiliate of Vitol,
Supply volumes were seen earnings from crude oil shipments through an international commodities trading firm;
up 3% in 10M-2020. the Chad-Cameroon pipeline rise slightly in the CNPC International Chad, a subsidiary of
first 10 months of the year. state-run China National Petroleum Corp.
Between January and October, PSMC rep- (CNPC), and Overseas Private Investment
resentatives said, Cameroon’s government col- Corp. (OPIC), a US government develop-
lected XAF30.71bn ($57mn) in transit fees for ment finance entity that is now part of US
the oil flowing through the link. This represents a International Development Finance Corp.
2.5% rise on the same period of the previous year, (IDFC).
when transit fees totalled XAF29.97bn ($55mn), The Chad-Cameroon pipeline follows a
they noted. 1,070-km route from south-western Chad to
They went on to say that the volume of crude the Kome-Kribi FSO. It was built by ExxonMo-
oil exported from Cameroon via the Kome- bil under a public-private partnership agree-
Kribi terminal, a floating storage and off-loading ment and began operating in 2003, before the
(FSO) vessel anchored in the Gulf of Guinea near US super-major’s exit from Chad. The link is
the port of Kribi, had reached 39.91mn barrels operated by Cameroon Oil Transportation Co.
(about 130,852 barrels per day) in the first 10 (COTCO) and has a throughput capacity of
months of 2020. This marks a 3% increase on 225,000 bpd.
the year-ago figure of 38.79mn barrels (127,599 According to Cameroon’s national oil com-
bpd), they stated. pany (NOC) Société Nationale des Hydrocar-
The PSMC representatives attributed the bures (SNH), the pipeline handled 47mn barrels
rise in export volumes to the expansion of (about 128,767 bpd) of crude last year. These
development operations at oilfields in Chad. shipments generated approximately $60mn
“This improvement is the result of increased worth of transit fees for the Cameroonian
production from new shippers in Chad,” they government.
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