oil expalar mashene uae parics 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.
  • Why is China a major oil producer in Cameroon?
  • China’s prominence in Cameroon’s oil production occurred after China Petroleum and Chemical Corporation (Sinopec) acquired 80 percent of the shares previously held by Shell in Pecten Cameroon Company controlled by the Addax company, with Cameroon’s National Hydrocarbons Corporation (SNH) holding the remaining 20 percent of shares.
  • Who is Addax Petroleum Cameroon Company (APCC)?
  • The new Sino-Cameroonian entity goes by the name Addax Petroleum Cameroon Company (APCC). APCC general manager Yi Zhang said, “I am delighted with the efficiency with which the purchase transaction was conducted. I thank on the other hand the government of Cameroon for having agreed to this initiative.”
  • How much oil does the UAE produce a day?
  • The UAE produces an average of 3.2 million barrels of petroleum and liquids per day. Abu Dhabi National Oil Company (ADNOC) is a global leader in the oil and gas industry and is active in all sectors of the industry. ADNOC expects to reach 5 million barrels of maximum sustainable production capacity by 2030.