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Central African Republic
Neptune Oil manoeuvres to become SOCASP shareholder

CAR energy minister Arthur Bertrand Piri is continuing to push for Cameroon's Neptune Oil to be allowed to take shares in Société Centrafrique de Stockage des Produits Pétroliers. But his latest attempt at a SOCASP shareholders' meeting in late October failed. [...]

Published on 07/11/2024 at 05:40 GMT Reading time 2 minutes

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Energy

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Antoine Ndzengue
Arthur Bertrand Piri
Faustin-Archange Touadera
International Monetary Fund
Neptune Oil
Societe Centrafricaine de Stockage des Produits Petroliers
Tamoil RCA
Total Centrafrique
Tradex
Tristar

Central African Republic
IMF denies CAR millions of dollars in aid due to Neptune Oil's continuing monopoly

The International Monetary Fund is unlikely to release its third instalment of aid, depriving Bangui of around $20m. At issue is the Cameroonian company Neptune Oil's monopoly on fuel imports and its pump prices, deemed exorbitant.

Subscribers only Energy, Diplomacy 17.12.2024

Central African Republic
Third IMF support tranche snags on reform of hydrocarbons sector

CAR finance minister Hervé Ndoba is counting on international aid to wrap up his 2025 budget but finds himself at odds with the powerful energy minister Arthur Bertrand Piri.

Subscribers only Finance, Energy 15.11.2024

Hervé Ndoba, Central African minister of finance, in Bangui on 7 May 2022.

Central African Republic
Emirati oil company Tristar gets green light to supply commercial airlines

The MINUSCA supplier can now sell Jet A-1 fuel at Bangui airport.

Subscribers only Finance 11.10.2024

Central African Republic
Neptune Oil threatens to pull out amid lower fuel price demands

The CAR energy minister recently visited the Cameroonian trading company's HQ in Douala to negotiate lower fuel prices. But its indignant owner, Antoine Ndzengue, refused outright and threatened to withdraw from the country.

Subscribers only Energy, Commodity traders 03.10.2024

Fuel vendors in front of an empty gas station in Bangui on 16 October 2022.

Central African Republic
Touadéra keeps an eye on his hydrocarbons minister nephew

Central African Republic Energy Minister Arthur Bertrand Piri is trying to sell shares in a petroleum products storage company to the Cameroonian firm Neptune Oil. The situation is being closely monitored by his uncle, President Faustin Archange Touadéra, and by Prime Minister Félix Moloua.

Subscribers only Energy 09.09.2024

Central African President Faustin-Archange Touadéra in Beijing on 5 September 2024.

Central African Republic
Energy minister Piri thwarts Rochefort International's revival plans

The Paris-based investment bank is struggling to revive TotalEnergies' former subsidiary in the Central African Republic. The energy ministry has decided to go with a single fuel supplier, Cameroon's Neptune Oil, to the detriment of the distributor's margins.

Subscribers only Energy, Business 13.03.2024

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Antoine Ndzengue
Arthur Bertrand Piri
Faustin-Archange Touadera
International Monetary Fund
Neptune Oil
Societe Centrafricaine de Stockage des Produits Petroliers
Tamoil RCA
Total Centrafrique
Tradex
Tristar

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Neptune Oil manoeuvres to become SOCASP shareholder

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Central African Republic
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Indigo Publications' websites

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Central African Republic Neptune Oil manoeuvres to become SOCASP shareholder

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Central African Republic IMF denies CAR millions of dollars in aid due to Neptune Oil's continuing monopoly

Central African Republic Third IMF support tranche snags on reform of hydrocarbons sector

Central African Republic Emirati oil company Tristar gets green light to supply commercial airlines

Central African Republic Neptune Oil threatens to pull out amid lower fuel price demands

Central African Republic Touadéra keeps an eye on his hydrocarbons minister nephew

Central African Republic Energy minister Piri thwarts Rochefort International's revival plans

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Central African Republic
Neptune Oil manoeuvres to become SOCASP shareholder

Central African Republic
IMF denies CAR millions of dollars in aid due to Neptune Oil's continuing monopoly

Central African Republic
Third IMF support tranche snags on reform of hydrocarbons sector

Central African Republic
Emirati oil company Tristar gets green light to supply commercial airlines

Central African Republic
Neptune Oil threatens to pull out amid lower fuel price demands

Central African Republic
Touadéra keeps an eye on his hydrocarbons minister nephew

Central African Republic
Energy minister Piri thwarts Rochefort International's revival plans