(Ecofin Agency) - In Cameroon, towards fast-tracking the start-up of operations at the port in Kribi, the government has granted state-owned Société Camerounaise des Dépôts Pétrôliers (SCDP) and Canada's Blaze Energy Ltd, a contract to fund, construct and operate an oil and gas terminal at its new deep-water port complex.

The Port in Kribi which comprises of terminals for container and raw goods is to relieve congestion at Douala.

According to a statement from the office of the Prime Minister, Philemon Yang, the new hydrocarbons terminal will permit the export and storing of refined and unrefined oil and gas products. The terminal is to have a capacity of 3 million tonnes yearly.

The statement, however, did not disclose the amount of investment needed but stated that negotiations for the specific terms of the agreement between the state and its partners are required, Reuters reports.