At working session with visiting Equatorial Guinea Vice President: SNH markets Cameroon's strategic energy sovereignty projects.

The projects for the construction of an ultramodern petroleum products storage complex and a modern refinery, intended to ensure continuous availability, security of supply, and a reduction in logistical risks, were presented to the official on Wednesday, November 19, 2025.

This was during a working session the Equato-Guinean Vice President and his delegation had with senior officials of SNH in Yaounde. 

Both parties also used the meeting to review the path covered and ways to speed up the joint exploitation of the cross-border Yoyo/Yolanda hydrocarbon fields, which President Paul Biya and his counterpart of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, engaged in March 2023. 

It also provided an opportunity for both parties to clarify grey areas that could slow the project, estimated at 2,500 billion cubic metre of gas; with 84% allocated to Cameroon and 16% to Equatorial Guinea.

Obiang Mangue was accompanied by the Minister of State, Minister of Foreign Affairs, Minister of Mines and Hydrocarbons and his country’s Ambassador to Cameroon among other officials. 

Cameroon, Equatorial Guinea showcasing ingenuity in subsoil 

 Welcoming the delegation, Nathalie Moudiki, representative of the Executive General Manager of SNH, Adolphe Moudiki, said the visit carries strong symbolism.

She said it bears the mark of a shared desire between the two countries, united by geography and history, to strengthen their cooperation in the hydrocarbons sector. 

As a central player in Cameroon's energy sector, Nathalie Moudiki said SNH considers the partnership with Equatorial Guinea as “vital” and “a major asset for the optimal development of the hydrocarbon resources” of both nations. 

Nathalie Moudiki, on behalf of the SNH boss, said the visit comes in a context where both nations are preparing once again to show the world the “ingenuity, creativity, expertise and sense of foresight” in the exploitation of natural resources. 

President Biya and his counterpart of Equatorial Guinea, it should be recalled, had in March 2023, signed a bilateral agreement for the joint exploitation of the Yoyo-Yolanda hydrocarbons field. 

On behalf of SNH boss, Nathalie Moudiki expressed the hope that the high-profile visit will give a “boost to the materialisation” of the project, for the mutual benefit of both nations. 

Nathalie Moudiki also expressed gratitude to Equatorial Guinea for supporting the operation of TRADEX, a subsidiary of SNH, in Equatorial Guinea, noting that the company is committed to increasing its investments in the country.

The representative of SNH boss described Presidents Paul Biya and Teodoro Obiang Nguema Mbasogo as true Pan-Africanists, whose guides and actions allow both countries to dream bigger, more sustainably, sovereignly and independently.

Enter visiting E. Guinea Vice President 

In his remarks, H.E Obiang Mangue saluted the legendary reception accorded him and his delegation to SNH and Cameroon’s hospitality 

He hailed the foresight of Heads of State of both nations in strengthening cooperation and development of hydrocarbons sector. 

Obiang Mangue hailed Cameroon as an industrial giant in the Central African Subregion and expressed the wish to have more Cameroonian companies invest in Equatorial Guinea. 

SNH unveils progress in Yoyo/Yolanda project…

Officials of SNH, during the meeting, presented progress made in the cross-border gas project as well as its other recently embarked strategic energy projects. 

The Director of Production at SNH, Jean Paul Akono, touched on the core objectives of the Yoyo/Yolanda project, progress in the unitisation agreement which will define exploitation terms, as well as the operating agreement to set conditions under which the parties intend to operate the resources. 

Akono detailed that both Heads of States have ratified the bilateral agreement and deposited its instruments at the United Nations General Secretariat in New York.

He said both nations have also settled on the relevant provisions applicable, particularly regarding the fiscal management of the unitised resources, volumetric management, development plans, local content, security, and the environment. 

He detailed that teams from both nations are preparing a natural gas processing platform with two pipelines planned for export, while the final gas treatment will be carried out separately.

Akono also harped on the need to relaunch the discussions concerning the delimitation of the maritime boundary between both countries. 

SNH markets strategic energy projects 

On his part, the Charge de Mission No.1 at SNH, Milles Dion Ngute, presented the Tank Farm and refinery projects, undertaken by SNH. 

He said the Tank Farm includes an ultramodern complex designed for the strategic storage of petroleum products, intended to ensure continuous availability, security of supply, and a reduction in logistical risks. 

Milles Dion Ngute said it includes 100,000 metric tonnes of diesel, 100,000 metric tonnes of petrol or gasoline, 30,000 metric tonnes of jet fuel, and 20,000 metric tonnes of kerosene. 

Through the project, Milles Dion Ngute said SNH plans to guarantee a sufficient reserve volume to prevent any supply disruption and reinforce the stability of our internal market.

He said the modern and integrated refinery aims to equip Cameroon with a local capacity for crude oil processing, thus reducing dependence on imported refined products.

Both projects, he said, will generate tangible economic growth, including the creation of direct and indirect jobs, the stimulation of logistical activities, improvement of the operational capabilities of the petroleum chain, drastic reduction in imports of refined products among others. 

SNH to invest more through TRADEX Equatorial Guinea 

SNH, through its subsidiary, TRADEX Equatorial Guinea, also promised to expand its investment portfolio. The Director General of TRADEX Equatorial Guinea, Emmanuel Patrick Mvondo, said the company operates 11 service stations added to its 30 industrial clients. 

Barely six years of operation in Equatorial Guinea, he said TRADEX has injected five billion FCFA in taxes to the country’s treasury, created 125 jobs in its service stations and 25 other direct jobs. 

TRADEX, he said, intends to invest more than 10 billion FCFA to build four new service stations and construct a storage unit for petroleum products in Equatorial Guinea next year.  

The ceremony ended with an in-camera working session between officials of SNH and Equatoguinean delegation. 

This article was first published in The Guardian Post Edition No:3632 of Friday November 21, 2025