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Infos Business of Monday, 25 August 2014

Source: investiraucameroun.com

CSPH to buy 25 tank-rail cars to ease petroleum products transportation

Because of its relatively affordable costs, the railway is the primary means of transporting petroleum products in Cameroon from the National Refinery, located in the South-West, to the service stations in the northern part of the country.

To further facilitate these petroleum products operations transfer, which domestic demand officially grows to about 8% each year, the prices stabilization regulator for Oil products (CSPH) plans to acquire 25 tank-rail cars, which will then be reverted to the national rail carrier, Cameroon Railways (Camrail).

Under this structure, the state body which is tasked to regulate the price of oil in Cameroon, and modulate the supply of the domestic market for petroleum products, will require about 1.5 billion CFA francs.

This CSPH project will increase Camrail’s tank-rails car park, which has approved on June 24, 2014 in Douala a batch of 75 rails cars, including 25 new tank cars delivered by Indian company Texmaco and 50 platforms cars made in China.

Moreover, to eliminate the difficulties of transporting petroleum products in Cameroon, the government is working on a project to build a pipeline, with the assistance of international partners.

For this pipeline, companies like 3PL Cameroon and Govind have already expressed their intentions to build, respectively, pipeline over a length of 248 km between the towns of Limbe (South West), Douala (Littoral), Edea (Coastal ) and Yaounde (Centre); and a distance of 377 km, to connect the oil city of Limbe (South West) to the towns of Bafoussam (West) and Bamenda (North-West).