Oil : Tradex-Simon Paley takes over Cameroonian oil company

Oil in Cameroon: Simon Paley has been the new Director General (DG) of Tradexa subsidiary of the National Hydrocarbons Company (SNH) of Cameroon. It replaces Perrial Nyodog in this position.

The new CEO of Tradex He knows the company well and is hiring it because he is already on the board and also holds the position of commercial director within SNH. Simon Paley replaces Perrial Nyodog who has been in office since the creation of this company back in 1999, he was the president for over 20 years.

Paley inherits a company that is doing very well. We find that Tradex sold 597,158 cubic metres of fuel during the 2018 financial year. 97,952 tonnes represent the amount of gas of liquefied petroleum gas (LPG) or domestic gas sold by the company. That of lubricants is about 1,100 tonnes. Thanks to these petroleum products, Tradex was able to record a net profit of FCFA 10.3 billion, or FCFA 291 billion.

Tradex Company is a company whose vocation is the marketing of petroleum products. Tradex is present in four countries Cemacnamely:

  • Cameroon,
  • Central African Republic,
  • Chad
  • Equatorial Guinea.

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