Osaka Matsui Management News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Africa Intelligence revealed that The National Hydrocarbons Corporation (SNH) of Cameroon
 offered XAF150 billion to buy Chadian National Hydrocarbon Company (SHT)’s 21% stake in the Chad–Cameroon Petroleum Development and Pipeline Project.
According to the online daily, the offer was made in January 2021 through a correspondence sent to SHT by Galileo Negoce & Conseil, a Chadian institution that acts as SHT’s counsel in the framework of that transaction. The said transaction was first discussed in 2018, through written correspondence between Adolphe Moudiki, Director-general of the SNH, and Béchir Madet, then Chadian Minister of Energy.
Although the offer has not been confirmed by the involved parties yet, it is in line with the actions initiated by Cameroon in recent years to boost its gains in the pipeline mainly located on its territory. ....

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