SONARA loses 6 bn CFA to port congestion

The national refinery company (SONARA) and the single refinery of Cameroon, recorded a loss of 6 billion CFA Francs last month due to congestion problems at the Port of Douala.

This was revealed at the end of the work of the follow-up and Steering Committee of the project for the construction of a pipeline of 355 Km with for the distribution of petroleum products in Cameroon.

This situation, said the Minister of water and energy Basile Atangana, delivers to the taste of the day the importance of the construction of the pipeline, whose first section will stretch 110 km between the oil city of Limbe in Southwest and Douala, the economic capital in the Littoral.

The second section will extend over 70 km between Douala and Edea, while the 3rd section, 175 km, link Yaounde, the capital of the country, from Edéa.

With a total of 218 billion CFA francs, this pipeline is expected to not only divest hazards such as congestion of the port area, but also and especially to significantly reduce the costs of the transport of petroleum products.

Thus, SONARA may earn "tariff gain in the range of 46 per cent on sea freight between Limbe and Douala; 24 percent on the average carriage by road and railway", revealed within the Steering Committee.