Cameroon To Refine Its Oil
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Loading... - Yvan Fotsing
- 12 Aug 2022
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The announcement was made by the minister of Water resource and energy, Gaston Eloundou Essomba on August 10th during a governmental press conference led by the Minister of Communication, René Emmanuel Sadi.
Cameroon, like any other country of the Gulf of Guinea, enjoys the presence of various natural resources such as gas and oil. It is in such a context that the country set up a refining company on March 24, 1973, called Sonara (National Refining Company. The company, which is 4% owned by Total and 96% by the State, given its design and the equipment installed there, has proved itself inefficient in terms of refining Cameroonian oil.
According to the minister of Water resource and Energy, this is explained by the fact that Cameroon’s oil, which is a heavy crude, does not come under the competence of Sonara. The company can thus only refine semi-finished products which are later sold to other refineries. The Minister thus informs that this situation has made the Cameroonian refinery unprofitable.
In other words, it is a “topping reforming” refinery, meaning a simple one designed to process light crude (Arabian light) while Cameroon currently produces heavy crude. There is therefore a mismatch between the existing tool at the refinery and the croods available. It is for this reason that Cameroon regularly imports petroleum products. Read More...
