Total finalised an agreement in principle with Perenco (France) to sell its 75.8% equity in its upstream affiliate Total E&P Cameroun, a Cameroonian company which other shareholders include the national oil company – SNH (Société Nationale des Hydrocarbures – 20%) and Paris Orléans – Groupe Rotchshild (4.2%). This agreement is subject to the Cameroonian Authorities’ approval. The transaction makes Perenco the country's largest oil producer. The selling of Total’s interest in Total E&P Cameroun does not concern these downstream activities. Total is active in refining through its 19.7% interest in Sonara, the national refining company, and in oil crude storage with a 18% interest in the “Société Camerounaise de Dépôts Pétroliers”. Furthermore, Total’s affiliate Total Cameroun SA is the leading distributor of oil products with 160 service stations, representing 45% of the market.