Increase in the average selling price of Cameroonian crude oil
SNH sold 6.109 million barrels of crude oil as at June 30. This volume is down by 29.80% compared to the same period in 2017, mainly due to the decrease in production. However, the company was able to offset this decline by a 38.36% increase in the average selling price of Cameroonian crude oil.
In addition, SNH supplied to the Kribi Thermal Power Plant, in accordance with the needs expressed by the operator KPDC, a total volume of 5 793 009 thousand cubic feet of natural gas. This volume increased by 17.79%, due to the rise in consumption of the Power Plant.