Key figures from 1st January to 30th April 2021:

 

  • Oil production: 8.419 million barrels (-6.82% compared to the same period last year)
  • Volume of crude oil sold on behalf of the state: 5.508 million barrels (+0.49%)
  • Gas production: 27 267.86 million cubic feet or 772.14 million m3 (+3.51%)
  • Quantity of natural gas sold to the Kribi Thermal Power Plant: 3 952.14 million cubic feet of gas, or 111.91 million m3 (+9.73%)
  • Quantity of domestic gas (LPG) delivered to Tradex to supply the local market: 10 233.267 metric tons (MT)
  • Quantity of liquefied natural gas (LNG) sold internationally: 18 739 310 million British Thermal Units (BTU), or 809 352 m3 (-16.75%)
  • Revenue generated for the State:
    • 68 billion CFAF (-0.21%) in "SNH royalties" included in the State budget
    • 44 billion CFAF in corporate income tax (CIT)
    • 10 billion CFAF in dividends
    • 16 billion CFAF in various taxes.

On another level, the Chad/Cameroon Pipeline generated revenue of 11.59 billion CFAF for the State as transit fee (-13.8%).

 

 

About the transfers made by SNH to the State 

In accordance with its mission, the National Hydrocarbons Corporation (SNH) transfers to the State revenues from the sale of hydrocarbons, after deduction of expenses.

When referring to transfers to the State, two terms are used: transferable balance and transferred balance.

The transferable balance is taken from the Table of Oil Operations, a forecast table of income and expenditure, which is updated at the beginning of each quarter.

An adjustment is made at the end of each quarter to take into account final payments.

Adjustments done in the 4th quarter of a given fiscal year are taken into account in the 1st quarter of the following fiscal year.

Based on this mechanism, there is necessarily either a windfall (too much transferred) or a shortfall (less transferred) charged to the following year.

The balance transferred corresponds to the amount that is effectively transferred during a given fiscal year. These transfers are recorded as revenue in the State Financial Operations Table (TOFE) under the heading "SNH Royalties".

 

Recap on production, sales and payments per fiscal year

2021 Summary table  (Pdf or Excel)          

2020 Summary table  (Pdf or Excel)          2019 Summary table  (Pdf or Excel)          

2018 Summary table  (Pdf or Excel)          2017 Summary table  (Pdf or Excel)

2016 Summary table                             2015 Summary table

2014 Summary table                             2013 Summary table

2012 Summary table                             2011 Summary table

2010 Summary table                             2009 Summary table

2008 Summary table                             2007 Summary table

 

Details accounts of SNH

Mandate of the state

Summary of financial statements

2019      2018       2017          2016           2015           2014           2013

Certification reports

2019      2018       2017          2016           2015           2014           2013

 

Company

Summary of financial statements

2019        2018       2017         2016           2015           2014           2013            

Certification reports

2019        2018       2017         2016           2015           2014           2013