Between January and September 2018, Cameroon collected XAF 343.6 billion from oil revenues, an increase by 20.8% year-on-year (+XAF 59.1 billion). This was revealed by the government in the 2018 budget implementation report. According to the document, the increase was motivated by a year-on-year improvement by 41.2% in world oil prices with the average barrel

Over the period January-April 2018, Cameroon’s gas production jumped by 90.2% to 233.9 million cubic meters, reveal the National Hydrocarbons Company (SNH). Officially, this substantial increase in production during the first four months of the year is due to the commissioning in March 2018 of Hilli Episeyo, a floating liquefaction unit for natural gas. Active off

West Africa holds one-third of the continent’s oil and natural gas reserves, the Energy and Mines Commissioner of ECOWAS said on Monday (May 7th) in Abidjan, referring to a region at the heart of geostrategic challenges. “Our region is full of important oil and mining resources. West Africa accounts for 30% of the oil reserves found