SNH: A development catalyst for Cameroon
The National Hydrocarbons Corporation (SNH) of Cameroon is a public company with the State as its sole shareholder. Created on 12 March 1980 and endowed with financial autonomy, it has its head office in Yaoundé.
SNH has the mission to manage State interests in the oil and gas sector. As such:
- SNH promotes, develops and monitors oil and gas activities throughout the national territory. Within this framework, the company works in partnership with international oil companies, ensuring notably compliance with all regulatory texts as well as control of production costs. Moreover, SNH became a full oil operator with the commissioning of the Mvia field in 2009.
- SNH sells the share of national crude oil production accruing to the State on the international market, through contracts, as well as its own share as an investor. It also carries out trading activities on behalf of one of her its partners, at their request.
Income derived from sales is transferred to the Public Treasury after deducting production costs. The transfers alone (excluding taxes and dividends) amounted to more than 5 000 billion CFAF between 2013 and 2023.