Key figures from 1st January to 31st December 2023:
- Total annual crude oil production: 23.882 million barrels
- Total annual natural gas production: 2 626.036 million cubic metres
- Quantities of crude oil exported on behalf of the State: 13.527 million barrels, at an average price of USD 79.464 per barrel
- Quantities of natural gas supplied to the Kribi power plant for electricity generation: 10 050.272 million cubic feet, sold at a weighted average price of 1 728.796 CFAF per thousand cubic feet
- Quantities of domestic gas supplied to the local market: 34 669.377 metric tons, sold at a price of 383 371.85 CFAF per metric ton
- Quantities of liquefied natural gas exported on behalf of the State: 810 927 m3, which generated a revenue of USD 185.102 million
- Association expenses borne by the State: USD 338.52 million
- Transferable balance to the State after deduction of expenses:560 billion CFAF
- Other payments to the State:7 billion CFAF in dividends, 16.611 billion CFAF in Corporate Income Tax and 7.752 billion CFAF in various other taxes.
About the transfers made by SNH to the State
In accordance with its mission, the National Hydrocarbons Corporation (SNH) transfers to the State revenues from the sale of hydrocarbons, after deduction of expenses.
When referring to transfers to the State, two terms are used: transferable balance and transferred balance.
The transferable balance is taken from the Table of Oil Operations, a forecast table of income and expenditure, which is updated at the beginning of each quarter.
An adjustment is made at the end of each quarter to take into account final payments.
Adjustments done in the 4th quarter of a given fiscal year are taken into account in the 1st quarter of the following fiscal year.
Based on this mechanism, there is necessarily either a windfall (too much transferred) or a shortfall (less transferred) charged to the following year.
The balance transferred corresponds to the amount that is effectively transferred during a given fiscal year. These transfers are recorded as revenue in the State Financial Operations Table (TOFE) under the heading "SNH Royalties".
Recap on production, sales and payments per fiscal year
2023 Summary table (Pdf or Excel)
2022 Summary table (Pdf or Excel) 2021 Summary table (Pdf or Excel)
2020 Summary table (Pdf or Excel) 2019 Summary table (Pdf or Excel)
2018 Summary table (Pdf or Excel) 2017 Summary table (Pdf or Excel)
2016 Summary table 2015 Summary table
2014 Summary table 2013 Summary table
2012 Summary table 2011 Summary table
2010 Summary table 2009 Summary table
2008 Summary table 2007 Summary table
Details accounts of SNH
Mandate of the state
Summary of financial statements
2021(General report) 2021(Summary) 2020 2019 2018 2017 2016
Certification reports
2021 2020 2019 2018 2017 2016 2015 2014 2013
Company
Summary of financial statements
2022 2021(General report) 2021(Summary) 2020 2019 2018 2017
Certification reports
2022 2021 2020 (General report) 2020 (Special report)
2019 2018 2017 2016 2015 2014 2013