{"id":465543,"date":"2019-04-08T16:40:38","date_gmt":"2019-04-08T15:40:38","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=465543"},"modified":"2019-04-08T16:40:38","modified_gmt":"2019-04-08T15:40:38","slug":"cameroon-increase-of-chadian-oil-right-of-transit","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/04\/08\/cameroon-increase-of-chadian-oil-right-of-transit\/","title":{"rendered":"Cameroon: increase of Chadian oil right of transit"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Crude oil from the Kom\u00e9 production center in southern Chad and transiting on a pipeline of about 1500 km in Cameroon to the oil terminal of the port of Kribi, has evolved in 2018. A good deal for Cameroon since the right of transit due to the Chad-Cameroon pipeline yielded 30 billion FCFA in state coffers, against 27 billion FCFA the previous year, said the National Hydrocarbons Company (SNH), this public company being the secular arm of the state in oil transactions.<\/p>\n<p>The Pipeline Steering and Monitoring Committee (CPSP) states in its note that this amount represents 40.5 million barrels of crude oil removed at Kome-Kribi Terminal 1 (KK1) from Chad at an updated rate of 1.32106 dollar a barrel. These figures are significantly higher than in 2017, when 35.80 million barrels of crude oil were removed.<\/p>\n<p>Explaining the reasons for the increase, SNH Executive Director Aldolphe Moudiki pointed out that since September 30, 2018, the transit duty rate has risen from $ 1.30, or $ 745.94 to $ 1.32106. dollars, about 758.02 FCFA per barrel. Changes, he said, &#8220;in accordance with Endorsement No. 2 of the Establishment Agreement of the Cameroon Oil Transportation Company (COTCO). &#8221;<\/p>\n<p>This rate will be applied until September 30, 2023, before both parties decide to maintain or change it.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Crude oil from the Kom\u00e9 production center in southern Chad and transiting on a pipeline of about 1500 km in Cameroon to the oil terminal of the port of Kribi, has evolved in 2018. A good deal for Cameroon since the right of transit due to the Chad-Cameroon pipeline yielded 30 billion FCFA in state<\/p>\n","protected":false},"author":536755,"featured_media":465547,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12028,12036],"tags":[12599,16002],"class_list":{"0":"post-465543","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-energy","8":"category-sectors","9":"tag-cameroon-en","10":"tag-cotco","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cameroon: increase of Chadian oil right of transit - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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