As the region grapples with a pending energy crisis, Dangote refinery on Wednesday exported its first batch of petroleum moto spirit ( PMS) also known as petrol to Cameroon. The milestone move follows an agreement reached between Neptune Oil, Cameroon and the refinery.
Months after Dangote Refinery commenced production in Nigeria, the refinery and Neptune Oil have announced the first export of Premium Motor Spirit (PMS), commonly known as petrol, from Dangote Refinery, Africa’s largest oil refinery, to Cameroon on Wednesday December 11.
This milestone, achieved through a strategic collaboration between the two companies, highlights their commitment to fostering stronger economic ties between both countries while addressing the region’s growing energy demands.
Aliko Dangote, President and CEO of Dangote Group, stated that the first export of PMS to Cameroon is a tangible demonstration of their shared vision for a united and energy-independent Africa.
He added that with this development, it lays the foundation for a future where African resources are refined and exchanged within the continent for the benefit of its people.
As earlier announced, the prices of petroleum products will increase come 2025 in Cameroon amd this could avert the current challenge.
According to Antoine Ndzengue, Director and Owner of Neptune Oil in a communique, the partnership marks a turning point for Cameroon and it will bolster the country’s energy security and supporting local economic development. He underlined that the initial supply, executed without international intermediaries, reflects their commitment to serving their markets « independently and efficiently. »
The statement underscored that both companies are exploring new initiatives to establish a reliable supply chain that will help stabilise fuel prices and create new economic opportunities across the region.
Nonetheless, it emphasised that the export underscores Dangote Refinery’s ability to meet Nigeria’s domestic fuel demands while positioning itself as a key player in the regional energy market. It described the development as “a significant step forward in accessing high-quality and locally sourced petroleum products for Cameroon.”
