Dangote Refinery exports first PMS cargo to Cameroon 

Dangote Refinery, Africa’s largest oil refinery, has efficiently exported its first cargo of Premium Motor Spirit (PMS) to Cameroon.

The milestone was achieved by way of a strategic partnership between Dangote Refinery and Neptune Oil, a number one vitality firm in Cameroon.

The main points of this partnership and the profitable export of the primary PMS cargo to Cameroon have been confirmed by Nairametrics.

Alhaji Aliko Dangote, President and CEO of the Dangote Group, emphasised the significance of this improvement, stating,

“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 muse for a future the place African assets are refined and exchanged inside the continent for the advantage of our individuals.” 

Antoine Ndzengue, Director and Proprietor of Neptune Oil, described the partnership as transformative for Cameroon, highlighting its function in boosting vitality safety and supporting native financial progress.

“This partnership with Dangote Refinery marks a turning level for Cameroon. By turning 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.” he mentioned. 

Moreover, the collaboration is about to proceed past the preliminary cargo, with each firms working to determine a sustainable provide chain that goals to stabilize gas costs and foster financial progress within the area

What the primary export of PMS from Dangote Refinery to Cameroon means 

This landmark export highlights the rising capability of Dangote Refinery to fulfill home vitality calls for in Nigeria whereas enjoying a pivotal function within the regional market.

With its huge processing capability of 650,000 barrels per day, the Lagos-based refinery—the most important single-train refinery globally—is a flagship challenge of the Dangote Group, devoted to redefining Africa’s vitality panorama.

• For Cameroon, the transaction indicators a brand new period of vitality independence. Neptune Oil, a number one vitality firm within the nation, has positioned itself as a key participant in making certain dependable petroleum entry.
• By sourcing high-quality PMS straight from Dangote Refinery, Cameroon reduces its reliance on worldwide intermediaries, strengthening native vitality safety and spurring financial progress.
• This collaboration, nevertheless, extends past the preliminary cargo. Each firms purpose to determine a strong provide chain that stabilizes gas costs and creates broader financial alternatives throughout the area.

The partnership not solely highlights a shared dedication to intra-African commerce but additionally lays the groundwork for future collaborations that profit the continent.