Societe Nationale Burkinabe d'Hydrocarbures (SONABHY)
SONABHY is a State Company with a share capital of three (3) billion FCFA. This share capital is divided into thirty thousand (30,000) nominal shares of one hundred thousand (100,000) francs each, exclusively held by the State.
For the importation and storage of hydrocarbons throughout the national territory, the State grants SONABHY a legal monopoly.
SONABHY is placed under the technical supervision of the Ministry responsible for Trade and under the financial supervision of the Ministry responsible for Finance.
It is administered by a Board of Directors of nine members comprising:
a representative of the Presidency of Faso;
a representative of the Prime Minister;
two representatives of the Ministry responsible for Trade;
a representative of the Ministry in charge of Finance;
a representative of the Ministry responsible for Energy;
a representative of the Ministry in charge of Infrastructure;
a representative of the Company Staff;
and a representative of the Inspection of Public and Parapublic Enterprises as an observer.See more