Search

Cameroon’s State Oil Firm Denies Allegations of Undervalued Crude Sales

Allen dreyfus Logo
© Allen Dreyfus
  • SNH refutes claims of selling crude below market value, citing baseless accusations
  • Company faces pressure to disclose details of staff involved in Glencore bribery case

Yaoundé, Cameroon – Cameroon’s state-owned oil firm, the National Hydrocarbons Corporation (SNH), has firmly denied allegations that it has been selling the country’s crude oil at undervalued prices. In a statement released on this week, the company described the accusations as unfounded and damaging to its reputation.

Recent Business

Sunset at an Industrial Shipping Port for trading. Photo @Pexels
China’s duty-free pivot in Kenya signals Africa trade realignment beyond AGOA
Read More »
The city of Alexandria, Alexandria Governorate, Egypt. Photo by Muhammed Fatih Beki @Pexels
Caught between war and inflation, Egypt pauses rate cuts as risks mount for growth
Read More »
Lagos, Nigeria. © Unsplash
Nigeria banks raise $3.3bn — now the growth gamble begins
Read More »

Recent Politics

Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Will Kenya's new Gen Z uprising turn voter registration into a global youth political wave?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s oil paradox in the Iran war: windfall gains, inflation pain
Read More »
A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »

Latest Posts

Latest news insights