The three structures have set the official prices for Cameroonian Kolé and Lokélé crude oils for the 2nd quarter of 2026, following the work of the Joint Commission held on July 23, 2026. The decisions were made based on stocks, volumes, liftings, and the evolution of Brent, in order to secure the State’s oil revenues.
The National Hydrocarbons Company (SNH), acting as the agent for the State of Cameroon, has concluded an agreement with PERENCO and ADDAX Petroleum on the official prices of Kolé and Lokélé crude oils for the second quarter of 2026. The negotiations were held on July 23, 2026, in Yaoundé within the framework of the Joint Commission, the body responsible for determining the reference prices for these oil qualities.
The work focused on examining the main indicators of the national oil sector, including stock levels, produced volumes, and liftings carried out. The partners also integrated the evolution of Brent prices and international market trends to establish prices in line with market conditions.
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This step constitutes a strategic lever to ensure optimal commercialization of Cameroonian crude oils and preserve oil revenues intended for the State budget.
On behalf of the Administrator-General Manager of SNH, Nathalie Moudiki, Advisor n°2 and Head of the Legal Division, recalled that price fixing alone cannot guarantee the effectiveness of the system. She insisted on the need for perfect control of lifting procedures and marketing operations, with a view to transparency between partners and fairness towards the Cameroonian people.
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