Dangote Refinery exports PMS to Cameroon

…Dangote Refinery, Neptune Oil Announce their first export transaction of Refined Merchandise to Cameroon

In a landmark transfer for regional vitality integration, Dangote Refinery and Neptune Oil collectively introduced the first-ever export of Premium Motor Spirit (PMS) from Dangote Refinery, Africa’s largest oil refinery, to Cameroon.

This milestone, ensuing from a strategic collaboration between the 2 firms, underscores their dedication to strengthening financial ties between Nigeria and Cameroon whereas assembly the area’s rising vitality calls for… Alhaji Aliko Dangote, President and CEO of the Dangote Group, said: “This primary export of PMS to Cameroon is a tangible demonstration of our imaginative and prescient for a united and energy-independent Africa. With this improvement, we’re laying the inspiration for a future the place African assets are refined and exchanged inside the continent for the good thing about our individuals.”

Antoine Ndzengue, Director and Proprietor of Neptune Oil emphasised: “This partnership with Dangote Refinery marks a turning level for Cameroon. By changing into the primary importer of petroleum merchandise from this world-class refinery, we’re bolstering our nation’s vitality safety and supporting native financial improvement. This preliminary provide, executed with out worldwide intermediaries, displays our dedication to serving our markets independently and effectively.”

The collaboration between Dangote Refinery and Neptune Oil doesn’t finish with this primary export. Each firms are exploring new initiatives to ascertain a dependable provide chain that may assist stabilize gasoline costs and create new financial alternatives throughout the area.

A Main Regional Impression
For Nigeria, this export showcases Dangote Refinery’s capability to satisfy home wants and place itself as a key participant within the regional vitality market. It represents a major step ahead in accessing high-quality and domestically sourced petroleum merchandise for Cameroon.

About Dangote Refinery
Positioned in Lagos, Nigeria, Dangote Refinery is the most important single-train refinery on the earth, with a processing capability of 650,000 barrels per day. It’s a flagship mission of the Dangote Group, which is devoted to remodeling Africa’s vitality panorama.

About Neptune Oil
Neptune Oil is a number one vitality firm in Cameroon, dedicated to offering dependable and sustainable vitality options. By way of collaborations with worldwide companions, Neptune Oil performs a pivotal function in driving financial development within the area.