2024-02-28 17:57:14
It’s been official since December, Neptune Oil won a huge contract in the Central African Republic to ensure the country’s exclusive supply of petroleum products. Problem, the sulphurous reputation of Cameroonian society raises questions. Analysis of the underside of a potentially unhealthy relationship between Bangui and this oil giant.
A deal estimated at several billion
Neptune Oil has signed a 10-year agreement to supply the Central African Republic with fuel and gas. Enough to generate huge profits for the Cameroonian company amounting to billions of FCFA.
Knowing that Neptune Oil has not hesitated in the past to grease its legs at the highest peak of the State to win juicy markets. What about this time with this Central African agreement that fell from the sky?
A savior with heavy liabilities
Because the sulphurous reputation of Neptune Oil is well established in Central Africa. Suspected of collusion with the political sphere, the firm has also distinguished itself by questionable commercial practices. Nothing reassuring for the Central African Republic and its citizens.
So simple economic strategy or new troubled pact between political-business elites? Doubt hangs over this high-risk partnership for a fragile state in search of transparency.