Cameroon National Assembly last weekend looked at a bill authorizing the President of the Republic to ratify a bilateral agreement dated October 30, 2013 on the transit of the Nigerian crude oil through the pipeline from Chad to join the Cameroon coast of Kribi, APA learns.
The National Hydrocarbons Corporation (SNH) of Cameroon, which revealed the negotiations since last year, however, has never revealed the financial implications for transit rights.
Before that, we learn, Niger and Chad signed another agreement for the construction of a 600 km pipeline, which will join the Chad-Cameroon pipeline for the discharge of oil.
Niger aims to exploit its crude from the Agadem block with an expected 100,000 barrels per day, of which 80,000 will be exported through the said pipeline production.
Some 1,070 kilometers along the Chad-Cameroon oil from the Doba fields to cross the territory of Cameroon nearly 890 kilometers from the northeastern border with Chad to off the Atlantic.
