Dangote Refinery begins export of Premium Motor Spirit (PMS) from its refinery to Cameroon in a partnership deal with Neptune Oil.
According to a statement released by the President and CEO of the Dangote Group, Aliko Dangote, this new development will create opportunities for Africa’s resources to be refined and exchanged within the continent and also benefit its people.
He said “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.”
Director and Owner of Neptune Oil, Antoine Ndzengue, also noted that the partnership deal serves as a good turning point for both countries in terms of energy security and local economic development.
He said: “This partnership with Dangote Refinery marks a turning point for Cameroon. 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.”
Ndzengue also revealed that both companies are working on a reliable supply chain that will stabilise fuel prices across the region and create new economic opportunities.
He added, “The collaboration between Dangote and Neptune does not end with this first export. Both companies are exploring new initiatives to establish a reliable supply chain that will help to stabilise fuel prices and create new economic opportunities across the region.
“For Nigeria, this export showcases Dangote Refinery’s ability to meet domestic needs and position itself as a key player in the regional energy market. It represents a significant step forward in accessing high-quality and locally sourced petroleum products for Cameroon.”
Dangote Oil Refinery produces 650,000 barrels per day and it is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility.
