THE NATIONAL HYDROCARBONS CORPORATION (NHC) (SOCIETE NATIONAL DES HYDROCARBURES (‘‘SNH’’): NECESSITY OF POLICY CHANGES
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Keywords:
The National Hydrocarbons Corporations, Subsidiary, Partners, Hydrocarbons, State Interest, DeregulationAbstract
The objective of this paper is to explore the National Hydrocarbons Corporation (NHC) (Societe National Des Hydrocarbures (‘‘SNH’’) a group, as it holds shares in various companies operating in the petroleum, para-petroleum and related sectors in Cameroon. Its portfolio includes 12 companies. Does the involvement of SNH into other activities other than the oil and gas industry of any utmost interest to the National Hydrocarbons Corporation in particular and Cameroonians in general? From all indications, the State Corporation has been transferring huge sums of finances into the Public Treasury as well as balancing the economy of the country. In addition, government appears irrevocably committed to the implementation of deregulation of the petroleum sector as the only viable option for the survival of the oil industry, while one feels strongly to support government in principle even though one believes that several other options are available to achieve the same results, - availability of fuel at all times.
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