SNH markets the State’s share of national crude oil production, as well as its own production. SNH also ensures the marketing of Cameroonian crude oils on behalf of one of its partners who requested it, testimony to the recognition of its commercial expertise.
Brent from the North Sea, listed on the London market of the Intercontinental Exchange, serves as a reference for the sale of Cameroonian crude oils. Depending on the type of crude and depending on market conditions, Cameroonian crudes present a discount or a premium compared to Brent.
SNH’s commercial policy is based on two pillars: direct sales to refiners located in its natural export zone (Europe, Mediterranean) and sales to traders to reach more distant markets (the Far East and the Americas).
Types of crude traded
Kolé (27,57° API)*, sold in cargoes of 950,000 barrels ;
Lokélé (23,12° API), sold in cargoes of 650 000 barils ;
Ebomé (49,91° API), sold in cargoes of 400 000 barils.
Approval conditions for the purchase of crude oil
Full company address ;
Names and nationalities of the main shareholders, as well as the main managers ;
Certified assessment of the last three financial years;
Annual report for the last financial year ;
Banking references (including address, telex, fax, telephone) and names of contact persons at the banks concerned.
