Friday, February fourteenth, the UN says at least 22 people have been killed in a village in the Northwest region of Cameroon. Over half of those killed were children. No one has claimed responsibility for Friday’s incident but the opposition parties blame the killing on the government.
Victoria Oil & Gas Cameroon receives CFA 14.3 billion loan from BGFI bank
The
Cameroonian subsidiary of the International Gabonese and French Bank (BGFI) has
granted a CFA 14.3 billion loan to Cameroon’s Gas Society (GOC), owned by the
British firm Victoria Oil & Gas (VOG), sources have disclosed.
Financial
intervention by BGFI bank will also enable the GDC to extend its pipeline which
is about to connect new companies, in addition to the twenty that the gas
company is already supplying with industrial gases in the economic capital.
GDC
will also embark on investments to increase its gas production in Logbaba in
the suburbs of Douala in the Littoral region.
In
addition to optimizing its gas production, which went up by 126 percent between
November 2014 (3.91mmscf per day) and November 2015 (8.85 mmscf per day),
according to GDC financial results, the oil and gas company intends to drill
two new wells in late 2016.
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