Key data

Details: Hits: 49964

Key figures from 1^st January to 30 April 2025:

National crude oil production: 6.528 million barrels
Quantities of crude oil exported on behalf of the State: 4.027 million barrels
National natural gas production: 852.227 million m3
Quantities of natural gas supplied to the Kribi Thermal Power Plant for electricity generation: 31.22 million m3
Quantities of natural gas delivered to the KEDA ceramics plant: 19.50 million m3
Quantities of domestic gas supplied to the local market: 10 551.185 metric tons
Quantities of liquefied natural gas exported on behalf of the State: 25 212 120 million BTU (MMBTU)

Transfers to the State

159.920 billion CFAF in contributions to the State budget;
12.149 billion CFAF in corporate income tax (CIT);
0.582 billion CFAF in petroleum CIT;
3.832 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 4^th quarter of a given fiscal year are taken into account in the 1^st 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".