Dangote refinery exports first petrol shipment to Cameroon

The Dangote Petroleum Refinery says it has partnered with Neptune Oil, a Cameroonian energy firm, for its first export of premium motor spirit (PMS), also known as petrol, to Cameroon.

In a statement on Wednesday, the refinery said the feat highlights both organisations’ dedication to addressing the region’s rising energy needs.

“In a landmark move for regional energy integration, Dangote Refinery and Neptune Oil jointly announced the first-ever export of Premium Motor Spirit (PMS) from Dangote Refinery, Africa’s largest oil refinery, to Cameroon,” the statement reads.

“This milestone, resulting from a strategic collaboration between the two companies, underscores their commitment to strengthening economic ties between Nigeria and Cameroon while meeting the region’s growing energy demands.”

According to the statement, the partnership between the oil firms “does not end with this first export”.

“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,” Dangote refinery said.

For Nigeria, according to the refinery, the export showcases its 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,” the company said.

Speaking on the milestone, Aliko Dangote, president and chief executive officer (CEO) of the Dangote Group, said the facility’s first petrol export to Cameroon is a practical demonstration of its 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,” he said.

On his part, Antoine Ndzengue, director and owner of Neptune Oil, said the partnership with Dangote refinery signifies 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,” he said.

“This initial supply, executed without international intermediaries, reflects our commitment to serving our markets independently and efficiently.”

Last month, the refinery commenced petrol export to West Africa.