Africanian
  • Home
  • News
  • News 24/7
  • Business
  • Sports
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
  • Home
  • News
  • News 24/7
  • Business
  • Sports
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
Home Business

Business: Cameroon earned $66m per year since 2012 due to chemical marking of petroleum products

The Hydrocarbons, analyzes and controls company (Hydrac) takes stock of the fallout from the chemical marking of petroleum products, implemented in Cameroon since 2012.

Cameroon earned $66m per year since 2012 due to chemical marking of petroleum products
Share on FacebookShare on TwitterShare via Whatsapp

“  We can cite the reduction in fraud from 36% to less than 2% and the increase in state tax gains in this sector, ie around 40 billion FCFA [65.9 million $, Editor’s note] per year. There is also the preservation of vehicle engines and other production tools, as well as the reduction of environmental pollution and the preservation of the health of populations,  “said its director general, David Ekoume, in a recent interview published by the magazine. SNH Infos .

The marking of petroleum products, explains Mr. Ekoume, consists in the introduction of minute quantities of markers or tracers made from nanoparticles in petroleum products, according to their taxation and their destination. Unannounced and repetitive checks are then organized in the field using appropriate equipment, making it possible to detect almost instantly all forms of fraud.

Hydrac has been engaged in the control of the quality and quantities of petroleum products since its creation in 1982. As the means of control implemented to date, the company lists, among other things: quality control on imports and quantities of petroleum products, control of the quantities and quality of products in service stations on behalf of marketers, research into pollution in marketed petroleum products, loss audits on behalf of marketers, etc.

Source: energymixreport.com

RelatedPosts

Rwanda Opens New Investment Pathway With Oman Tax Deal

Rwanda Opens New Investment Pathway With Oman Tax Deal

September 8, 2026
Herbert Mensah Joins ACG Board to Boost Africa’s Sports Economy

Herbert Mensah Joins ACG Board to Boost Africa’s Sports Economy

September 7, 2026
AWIEF Announces Finalists for 2026 Africa Women Entrepreneurship Awards

AWIEF Announces Finalists for 2026 Africa Women Entrepreneurship Awards

September 7, 2026
Unstoppable Africa 2026 to Drive Investment and Growth in New York

Unstoppable Africa 2026 to Drive Investment and Growth in New York

September 4, 2026
AfDB and AXIAN Launch Digital Finance Programme for 34,000 Women

AfDB and AXIAN Launch Digital Finance Programme for 34,000 Women

September 3, 2026
Algeria Launches StartAlgeria to Strengthen Startup Support Ecosystem

Algeria Launches StartAlgeria to Strengthen Startup Support Ecosystem

September 1, 2026
Grey Adds Four Currencies as Cross-Border Payments Expand

Grey Adds Four Currencies as Cross-Border Payments Expand

September 1, 2026
Renew Capital Selects 15 African Startups for Embedded Finance

Renew Capital Selects 15 African Startups for Embedded Finance

September 1, 2026
ThriveAgric Raises $3.93M to Expand Nigeria’s Agricultural Supply Chain

ThriveAgric Raises $3.93M to Expand Nigeria’s Agricultural Supply Chain

August 31, 2026
Africanian News Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future.
If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to: [email protected]

News Categories

  • Agriculture (12)
  • America (40)
  • Asia (138)
  • Banking (1)
  • Business (1,277)
  • Business & Economy (1)
  • Climate & Environment (2)
  • Culture (244)
  • Destinations (214)
  • Education (12)
  • Energy / Oil & Gas / Renewables (5)
  • Energy & Oil and Gas (5)
  • Entertainment (4)
  • Europe (156)
  • Fashion & Culture (1)
  • Finance / Economy (3)
  • Food and Drink (14)
  • Guides & Tips (20)
  • Health (647)
  • Hotels (5)
  • Innovation & Entrepreneurship (1)
  • International Health (1)
  • Meetings and Tech (378)
  • News (2,605)
  • Opinion Piece (12)
  • Politics (4)
  • Russia (74)
  • Science (62)
  • Sports (333)
  • Style (4)
  • Technology (16)
  • Travel (145)
  • US (107)
  • World (438)
  • World / Religion (1)

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to [email protected].

You can also subscribe to our mailing list to receive the latest updates from Africanian News.

Newsletter

© 2025 Africanian News.

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Meetings and Tech
  • World

© 2025 Africanian News.