The ongoing oil dispute between N’Djamena and Yaoundé shows no signs of ending soon, with SNH’s bid to acquire Cotco shares being frozen, further negotiations on the shareholding structure are yet to come. By FranckFoute.
Posted on June 19, 2023 08:36The first annual meeting of the board of directors of Société Nationale des Hydrocarbures was held on 13 June, where the initial purchase deal of Savannah Energy’s assets in the Chad-Cameroon pipeline was put on the shelf., has suffered another setback in his bid to buy shares in Cameroon Oil Transportation Company , which manages the Cameroon side of the Chad-Cameroon pipeline.
Following the board of directors’ meeting held in the Cameroonian capital Yaoundé on 13 June, the acquisition by SNH of 10% of Savannah Energy’s assets in Cotco was “frozen” following a decision by the chairperson of the board Ferdinand Ngoh Ngoh, who is also secretary general of the presidency.Also receive offers from The Africa ReportContested by Chad, the initial agreement – which was concluded on 19 April and amounted to $44.
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