The Director General of the Chadian Hydrocarbons Company, Ibrahim Mahamat Djamous, says this is unfounded information aimed at tarnishing Chad’s image.
The case was made public by Africa Intelligence. In its edition of February 24, 2021, the newspaper available by subscription revealed that Paul Biya was “in the process of buying back the oil assets of a President Déby in the midst of an economic rout”.
According to the newspaper, the National Hydrocarbons Company of Cameroon (SNH) is a candidate for the takeover of part of the 21% stake held by the Chad Hydrocarbons Company (SHT) in the Chad-Cameroon oil pipeline, which connects the Doba oil fields at the port of Kribi. SNH was prepared to pay 150 billion CFA francs (around 230 million euros) for this transaction.
A communique signed by the Director General of the SHT, Ibrahim Mahamat Djamous, the Chadian Hydrocarbons Company rejects this information altogether.
“The online newspaper Africa Intelligence, in its February 24, 2021 edition, reported that the government of the Republic of Chad is encountering enormous financial difficulties and wants to accelerate the partial sale of its shares in the Chad-Cameroon pipeline to the National Society Cameroon Hydrocarbons (SNH) (…)
The Chad Hydrocarbons Company (SHT), in its capacity as manager of the State’s assets in the Chad-Cameroon pipeline, would like to formally deny this unfounded information, which only tends to tarnish the image of the Republic of Chad ”, indicates the Director General of SHT.
According to Ibrahim Mahamat Djamous, “there has never been any partial repurchase of Chadian assets on the Chad-Cameroon export pipeline with SNH”. Also, that “no cabinet has been mandated by the government of the Republic of Chad to enter into negotiations for the sale of any asset.”
