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

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  • 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.

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