Cameroon’s state oil company is pushing to deepen its control over how the country’s crude is measured and lifted, using quarterly pricing talks with foreign partners as a platform to redefine its oversight role.
The National Hydrocarbons Corporation, known as SNH, met with Perenco and Addax Petroleum in Paris this week to set official prices for its Kole and Lokele grades for the first quarter of 2026.
SNH used the session to signal a broader repositioning, telling partners the Joint Commission should become a vehicle for scrutinizing actual lifting volumes and tightening logistics oversight.
“The Executive General Manager of SNH recommends that this statutory committee, for greater efficiency and in the interest of fairness, should serve as a framework for thorough analysis of liftings, notably through improved knowledge of actual volumes and stronger control of the logistics chain by SNH,” said Nathalie Moudiki, Adviser No. 2 at SNH, who chaired the meeting.
SNH said the shift aims to expand its physical presence at production sites and accelerate technology transfer to Cameroonian personnel in the near term.
The company told Perenco and Addax that contractual stability remains intact, framing its assertiveness as consistent with Cameroon’s obligations as a partner rather than a departure from them.
Middle East tensions formed part of the market backdrop the parties examined in setting the reference-period differentials.
SNH also pointed to refinery and strategic storage projects under development in Kribi as part of its longer-term industrial agenda.
SNH produced 6.528 million barrels of crude oil in the first four months of 2025 and transferred 159.920 billion CFAF ($287 million) to the State budget over the same period, figures that give added weight to the company’s push to tighten its grip on volumes and export revenues.
