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SNH reports revenues from Chad-

Cameroon pipeline up in 11M-2020

CAMEROON SOCIÉTÉ Nationale des Hydrocarbures (SNH), international commodities trading firm; CNPC
the national oil company (NOC) of Cameroon, International Chad, a subsidiary of state-run
The Chad-Cameroon said earlier this week that it had seen earn- China National Petroleum Corp. (CNPC); and
pipeline follows a ings from crude oil shipments through the Overseas Private Investment Corp. (OPIC), a
1,070-km route from Chad-Cameroon pipeline rise in the first 11 US government development finance entity
south-western Chad to months of 2020. that is now part of US International Develop-
the Kome-Kribi FSO During the January-November period, SNH ment Finance Corp. (IDFC). These three enti-
reported, Cameroon’s government collected ties accounted for fully 71% of the crude flowing
XAF33.48bn ($61.42mn) in transit fees for the through the pipeline during the January-No-
oil flowing through the link. This represents vember period, it said. They have been supplying
a 2% rise on the same period of the previous an increasingly larger share of total throughput
year, when transit fees totalled XAF32.82bn since 2014, when the US-Malaysian consortium
($44.79mn), it noted. set up by ExxonMobil, Chevron and Petronas
It also stated that the volume of crude oil began to see output levels decline at the Doba
exported from Cameroon via the Kome-Kribi fields in Chad, it added.
terminal, a floating storage and off-loading The Chad-Cameroon pipeline follows a
(FSO) vessel anchored in the Gulf of Guinea 1,070-km route from south-western Chad to
near the port of Kribi, had reached 44.72mn the Kome-Kribi FSO. It was built by ExxonMo-
barrels (about 133,493 barrels per day) in bil under a public-private partnership agree-
the first 11 months of last year. This marks a ment and began operating in 2003, before the
3% increase on the figure of 43.42mn barrels US super-major’s exit from Chad. The link is
(129,604 bpd) posted in the same period of operated by Cameroon Oil Transportation Co.
2019, they stated. (COTCO) and has a throughput capacity of
The NOC attributed the rise in revenues and 225,000 bpd.
delivery volumes to improved upstream perfor- During the first eight years of the pipeline’s
mance. “This increase in DT [transit fees] is due operations, SNH collected a yearly transit fee of
to the increase in production of new crude oil XAF85.5bn ($116.69mn) for oil shipments along
shippers from Chad,” it said. the Chad-Cameroon route. However, it was able
It identified the new shippers in question to negotiate a higher fee in 2013, and another
as PétroChad Mangara, an affiliate of Vitol, an increase followed in 2018. ™

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