Faith Nyasuguta
Dangote Refinery, Africa’s largest oil processing facility, has achieved a major milestone with its first export of Premium Motor Spirit (PMS), commonly known as petrol, to Cameroon. This landmark delivery, facilitated by a partnership with Neptune Oil, marks a pivotal step in strengthening economic ties between Nigeria and Cameroon while addressing Central Africa’s energy demands.
Owned by Africa’s wealthiest man, Aliko Dangote, the Dangote Refinery is part of the vast Dangote Group, a conglomerate with interests spanning cement, sugar, flour, salt, and now energy. Dangote’s entrepreneurial journey has made him a symbol of African industry and innovation, with his refinery standing as a testament to his commitment to transforming the continent’s energy landscape.
The refinery, a $19 billion investment, boasts an impressive capacity of 650,000 barrels per day, positioning it as a game-changer in Africa’s oil market. It began domestic gasoline sales in September, with Nigeria’s state-owned oil company as its primary buyer. Now, with this export to Cameroon, it has taken its first major step into the regional energy market.
Strengthening Regional Ties
Speaking about this achievement, Dangote said, “This first export of PMS to Cameroon is a tangible demonstration of our vision for a united and energy-independent Africa. By refining and exchanging resources within the continent, we are creating opportunities that benefit our people.”
The initial shipment of 60,000 tonnes of petrol was delivered to Neptune Oil, a key distributor in Central Africa. Antoine Ndzengue, Director and Owner of Neptune Oil, described the collaboration as transformative for Cameroon, emphasizing its role in bolstering energy security and driving local economic growth.
“This partnership with Dangote Refinery marks a turning point. By sourcing directly from a world-class African refinery, we ensure efficiency and independence for our markets,” Ndzengue noted.
The partnership between Dangote Refinery and Neptune Oil goes beyond this initial delivery. Both companies are exploring initiatives to establish a reliable supply chain aimed at stabilizing fuel prices and creating new economic opportunities across the region.
This development also indicates Dangote Refinery’s ability to meet Nigeria’s domestic fuel demands while positioning itself as a key player in Africa’s energy market. With plans to export 56% of its fuel production, Dangote Refinery is set to reshape energy distribution across the continent, despite challenges in securing crude supplies.
As the first importer of Dangote’s petroleum, Cameroon paves the way for a future of greater intra-African trade and energy collaboration.
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