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

People celebrating in Accra, Ghana. Photo by Jay Martin @ Unsplash
UK share of Ghana remittances falls sharply to 17.5% in 2025
Read More »
Gas pipeline. Photo @ Unsplash
Egypt locks in Israeli, Qatari gas to shore up power supply
Read More »
Abebe Aemro Selassie, Head of IMF’s African Department. Photo: IMF Media Centre
IMF Africa chief Abebe Selassie retires in May after decade at helm
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »
US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
Read More »

Latest Posts

Latest news insights