Dangote Refinery has secured another significant deal for the export of its refined products, this time with Neptune Oil for the first-ever export of Premium Motor Spirit (PMS) from Africa’s largest oil refinery to Cameroon.
This latest achievement follows the earlier export of 45,000 metric tonnes of diesel from the refinery in May, as reported by S&P Global Commodities at Sea. Since then, the refinery has continued to supply other countries, including Togo and Ghana, with refined products.
The milestone, a result of a strategic collaboration between Dangote Refinery and Neptune Oil, highlights their shared commitment to strengthening economic ties between Nigeria and Cameroon while addressing the growing energy demands of the region.
President and CEO of the Dangote Group, Alhaji Aliko Dangote, stated, “This first export of PMS 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.”
Director and Owner of Neptune Oil, Antoine Ndzengue, emphasised, “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 extends beyond this first export. Both companies are exploring new initiatives aimed at establishing a reliable supply chain to stabilise fuel prices and create new economic opportunities across the region.
For Nigeria, this export demonstrates Dangote Refinery’s ability to meet domestic needs while positioning itself as a key player in the regional energy market. It marks a significant step forward in providing Cameroon with high-quality, locally sourced petroleum products.
Neptune Oil, a leading energy company in Cameroon, is committed to offering reliable and sustainable energy solutions. Through partnerships with international firms, Neptune Oil plays a crucial role in driving economic growth in the region.