How much natural gas is produced in Cameroon in 2021?
The production of marketable gas for the year 2021 amounted to 76,712,402 million standard cubic feet (MSCF) for Liquefied Natural Gas compared to 75,243,133 MSCF the previous year, an increase of 1.95%. Cameroon has natural gas reserves estimated to be 4.8 billion cubic feet. Much of this gas remains undeveloped.
How did Cameroon become an oil-producing country?
Cameroon became an oil-producing country in 1977. Claiming to want to make reserves for difficult times, the authorities manage "off-budget" oil revenues in total opacity (the funds are placed in Paris, Switzerland and New York accounts). Several billion dollars are thus diverted to the benefit of oil companies and regime officials.
Will Cameroon develop a new oil refinery?
If the Cameroonian government decides to develop these fields, there would be significant U.S. export potential. Downstream: In September 2022, the government of Cameroon indicated it will launch a public tender to refurbish the national oil refinery SONARA.
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.