automatic hazelnut oil production line machine in cameroon

                                               
                                               
                                               
                                               
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  • Will Cameroon build a second oil refinery?
  • Downstream: In September 2022, the government of Cameroon indicated it will launch a public tender to refurbish the national oil refinery SONARA. Due to the high level of refined petroleum imports, there have also been calls to build a second refinery. A second refinery would represent a significant business opportunity for U.S. firms.
  • Should Cameroon develop natural gas?
  • Upstream: Confirmed findings of oil reserves on the Chad Basin and the Bakassi peninsula remain unexploited. Cameroon has natural gas reserves estimated to be 4.8 billion cubic feet, much of which remains undeveloped. If the Cameroonian government decides to develop these fields, there would be significant U.S. export potential.
  • Does Cameroon have oil reserves?
  • According to Cameroon’s EITI Committee, the extractive sector contributed 3.9% to Cameroon’s GDP in 2021 against 2.20 in 2020, 16.3% to the State revenue against 16.3% in 2020, and 31.2% to exports against 31.2% in 2020 (see table below). Upstream: Confirmed findings of oil reserves on the Chad Basin and the Bakassi peninsula remain unexploited.
  • What is Cameroon's biggest export & import?
  • In 2019, crude petroleum was both Cameroon’s biggest export ($1.89 billion) and import ($347 million). Cameroon and neighboring Equatorial Guinea agreed in 2017 to develop their Yolanda and Yoyo gas condensate discoveries as a single resource jointly, but progress on a deal has since been slow.