8, June 2016
Cameroon: National Oil and Gas Company pays 82,44 billion FCFA to the treasury 0
The National Oil and Gas Company of Cameroon SNH has announced that oil production in Cameroon estimated at 12.3 million barrels on April 30th 2016 is experiencing a noticeable increase of 19.42% compared to the same period a year ago. Despite lower crude oil prices on the world market with a barrel selling below $ 30, oil production in Cameroon is expected to increase in the coming months with the commissioning of new oil fields. SNH revealed recently that gas production amounted to 4,286,600,000 cubic feet, down 5.77% compared to the same period last year.
In a dramatic change of government policy, the SNH released a statement observing that the sales of crude oil and natural gas on behalf of the State of Cameroon enabled the company to transfer to the government treasury 82, 44 billion FCFA cumulatively between January and April.
CIR
8, June 2016
Cameroon: Man who could not honor Captain Abega Theophile sends Ali condolence to Obama 0
President Biya who was conspicuously absent during the burial ceremony of the late Dr Abega Theophile, the legendary captain of the Indomitable Lions of Cameroon has addressed an official telegram to US President Obama from his five star hotel resort in Swiss over the death of Mohammed Ali. Cameroon Intelligence Report understands the Biya document was sent to Washington on Wednesday, June 8, 2016. In the said telegram, Mr Biya wrote:
“Mr. President, I have learned with emotion, the death of Mr Mohammed Ali, former World Heavyweight Boxing Champion. I salute the memory of this legend. In these painful circumstances, I extend to you and to the family of Mr. Mohammed Ali my sincere condolences. Please accept Mr. President, the renewed assurances of my highest consideration.” The funeral of the American triple heavyweight world champion will be held in the US on Friday, June 10, 2016.
CIR