The fastest growing export markets for Crude Petroleum of Cameroon between 2021 and 2022 were Netherlands ($451M), France ($433M), and India ($372M). The fastest growing import markets in Crude Petroleum for Cameroon between 2021 and 2022 were Italy ($1.13k).
How much oil does Cameroon produce?
Cameroon’s proven petroleum reserves are estimated at 400 million barrels, it is the fifth largest producer of petroleum in Sub-Saharan Africa. Petroleum producers in the country include Elf, Perenco, Pecten (Royal Dutch Shell) and the Société Nationale des Hydrocarbures (SNH) the national oil and gas company.
Who makes oil in Cameroon?
The Cameroon Oil Transport Company manages the pipelines. The Société Nationale de Raffinage (SONARA) the country’s national refinery refines imported light crude oil from Nigeria, Equatorial Guinea and Angola. TotalFina Elf, ExxonMobil, Shell, and ChevronTexaco market petroleum products in Cameroon.
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.