The Technical Committee for the Rehabilitation of public and para-public sector Enterprises CTR reveals that, the Cameroon Petroleum Depot Company commonly known as SCDP is not compliant with oil stocks regulations. This statement follows an investigation into the company where it was discovered that, SCDP’s safety stocks are 110,000 m3 (This means 20 days of autonomy instead of the regulatory 30 days) while the running stock is 55,000 m3 (implying 10 days of autonomy instead of the regulatory 15 days).
In the statement, CTR evokes that, “Following the regulations, the emergency stocks, also known as strategic stocks, established by the government to deal with a serious supply disruption, should represent 30 days of autonomy (155,000 m3 of petroleum products), while the running stock should represent 15 days of autonomy (83,000 m3) and the commercial supply at 10 days of autonomy (51,000 m3).
To meet the imbalance, CTR proposes the construction of an improved 108.000m3 storage facility for diesel, kerosene and gasoline, plus another 15.000 metric tons for domestic gaz. SCDP last year earmarked a project to build two 10.000m3 storage tanks for diesel in Yaoundé and Bafoussam. But the move has gone comatose. Due to prevailing economic shocks, CTR has pointed that; Douala should have 35.000m3 of the reserve and Yaounde 30.000m3 for the second phase.
