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
Darak: 40 fishermen kidnapped by Boko Haram 0
Forty people mostly fishermen from Nigeria, Chad and Cameroon were kidnapped late on Tuesday in the town of Darak bordering Nigeria. Cameroon military sources say heavily armed men described by some locals as Boko Haram militants attacked the village of Darak and took along with them the forty men.
Cameroon Intelligence Report was reliably informed that 10 other fishermen were killed during the Boko Haram raids. Our informant also revealed that Boko Haram has pledged allegiance to the Organization of Islamic State and is now called Islamic State in West Africa.
Militarily weakened by the strikes of the coalition, the Nigerian Islamic sect has changed tactics. It now proceeds through suicide bombings or raids to sow death among the population.
CIR