Dangote Refinery to Begin Exporting Petroleum to Cameroon

Dangote Refinery to Begin Exporting Petroleum to Cameroon

Dangote Refinery, Africa’s largest oil refinery, announced its first-ever export of Premium Motor Spirit (PMS) to Cameroon in a landmark move for regional energy integration. This significant milestone, achieved through a strategic collaboration with Neptune Oil, marks a new era in the energy relationship between Nigeria and Cameroon.

The Export Milestone

The initial export involves 60,000 metric tons of PMS, commonly known as petrol, from the Dangote Refinery in Lagos, Nigeria, to Cameroon. This development underscores the refinery’s capacity to meet Nigeria’s domestic fuel needs and position itself as a key player in the regional energy market.

Statements from Key Figures

Alhaji Aliko Dangote, President and CEO of the Dangote Group, expressed his vision for a united and energy-independent Africa. He stated, “This first export of PMS to Cameroon is a tangible demonstration of our vision for a united and energy-independent Africa. With this development, we are laying the foundation for a future where African resources are refined and exchanged within the continent for the benefit of our people”

Dr. Antoine Ndzengue, Director and Owner of Neptune Oil, emphasized the transformative impact of this partnership for Cameroon. He noted, “By becoming the first importer of petroleum products from this world-class refinery, we are bolstering our country’s energy security and supporting local economic development. This initial supply, executed without international intermediaries, reflects our commitment to serving our markets independently and efficiently”

Economic and Regional Impact

The collaboration between Dangote Refinery and Neptune Oil is expected to have far-reaching benefits. For Cameroon, it represents a significant step forward in accessing high-quality, locally sourced petroleum products, reducing reliance on international intermediaries, and potentially stabilizing fuel prices. For Nigeria, this export showcases Dangote Refinery’s ability to meet domestic needs while expanding its influence in the regional energy market.

Future Initiatives

Both companies are exploring new initiatives to establish a reliable supply chain that will help stabilize fuel prices and create new economic opportunities across the region. This collaboration is seen as a turning point for regional energy integration, fostering stronger economic ties between Nigeria and Cameroon.

About Dangote Refinery

Located in the Lekki Free Zone near Lagos, Nigeria, Dangote Refinery is the largest single-train refinery in the world, with a processing capacity of 650,000 barrels per day. It is a flagship project of the Dangote Group, dedicated to transforming Africa’s energy landscape.

About Neptune Oil

Neptune Oil is a leading energy company in Cameroon, committed to providing reliable and sustainable energy solutions. Through collaborations with international partners, Neptune Oil plays a pivotal role in driving economic growth in the region