Oil & Gas
IN a landmark move for regional energy integration, Dangote Refinery and Neptune Oil jointly announced the first-ever export of petrol from Dangote Refinery, Africa’s largest oil refinery, to Cameroon.
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.
Aliko Dangote, President and CEO of the Dangote Group, stated: “This first export of petrol 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.”
Antoine Ndzengue, Director and owner of Neptune Oil emphasized: “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.”
The collaboration between Dangote Refinery and Neptune Oil 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.
A Major Regional Impact
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.
A.I
Dec. 12, 2024
Tags: Dangote refinery Neptune Oil
