Cameroon hands Kribi oil terminal contract to Blaze Energy, SCDP - CNBC Africa

Cameroon hands Kribi oil terminal contract to Blaze Energy, SCDP

Western Africa

by Reuters 0

Cameroon hands Kribi oil terminal contract to Blaze Energy, SCDP. Photo: Wikipedia

Cameroon has awarded a contract to finance, build and operate an oil and gas terminal at its new deep-water port complex to state-owned Société Camerounaise des Dépôts Pétrôliers (SCDP) and Canada's Blaze Energy Ltd, a government statement said.

The government is rushing to bring into operation the port in Kribi, which also includes container and raw goods terminals, to ease congestion at Douala.

The new hydrocarbons terminal will allow the export and stocking of refined and unrefined oil and gas products. It will have an annual capacity of 3 million tonnes, said a statement from Prime Minister Philemon Yang's office seen by Reuters late on Tuesday.

The statement did not give the amount of investment required and said specific terms of the agreement between the state and its partners still needed to be negotiated.

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