Dangote Refinery and Neptune Oil have jointly announced the first ever export of 60,000 Metric Tons of Premium Motor Spirit (PMS) from Dangote Refinery, Africa’s largest oil refinery to Cameroon.
“This partnership with Dangote Refinery marks a turning point for Cameroon” remarks Antoine Ndzngue, founder and President of Neptune oil. “Thanks to the logistical advantages of proximity. It will help reduce the fuel subsides provided by the Cameroonian government.
“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”.
Dangote spokesperson explain that the transactions, a result of a strategic collaboration between the two companies, “underscores their shared commitment to strengthening economic ties between Nigeria and Cameroon while meeting the region’s growing energy demands”.
“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”.
A joint statement by the two companies a say that they are exploring new initiatives to establish a reliable supply chain that will help stabilize fuel prices and create new economic opportunities across the region.
Source: africaoilgasreport.com