Key figures from 1st January to 31st December 2022:
- Oil production: 24.951 million barrels
- Volume of crude oil sold on behalf of the State: 15.233 million barrels
- Gas production: 88 224.44 million cubic feet or 2 498.23 million m3
- Quantity of natural gas sold to the Kribi Thermal Power Plant: 11.755 billion cubic feet of gas at 1000 BTU/scf
- Quantity of domestic gas (LPG) delivered to Tradex to supply the local market: 28 678 metric tons (MT)
- Quantity of liquefied natural gas (LNG) sold to the Singaporean subsidiary of Gazprom, Ltd for the State: 17 442.65 billion British Thermal Units (BTU)
- Revenue generated for the State:
-
-
- 830.492 billion CFAF in "SNH royalties" included in the State budget
- 9.317 billion CFAF in corporate income tax (CIT)
- 3.893 billion CFAF in various taxes.
-
On another level, the Chad/Cameroon Pipeline generated revenue of 37.29 billion CFAF for the State as transit fee.
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
2022 Summary table (Pdf or Excel) 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
2021 2020 2019 2018 2017 2016 2015 2014 2013
Certification reports
2021 2020 2019 2018 2017 2016 2015 2014 2013
Company
Summary of financial statements
2021 2020 2019 2018 2017 2016 2015 2014 2013
Certification reports
2021 2020 (General report) 2020 (Special report)
2019 2018 2017 2016 2015 2014 2013