Oil product distribution sector welcomes new operator Sopropec

The oil product distribution sector in Cameroon has just welcomed a new operator Société des Produits Pétroliers du Cameroun (Sopropec), which just launched its activities with an initial capital of 500 million FCFA.

Sopropec enters an increasingly competitive market where national operators, apart from Tradex, Société nationale des hydrocarbures’s (SNH) subsidiary, are struggling to challenge multinationals such as Total, the current market leader.

Directed by Loïc Fokou Fongang, Sopropec also plans to distribute asphalt, aviation fuel, fuel oil, Phyto sanitation products and create its own brand of domestic gas.