(NEPTUNE OIL) – In a landmark move for regional energy integration, Dangote Refinery and Neptune Oil jointly announce 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 milestone, the 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.
Alhaji Aliko Dangote, President and CEO of the Dangote Group, 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.”
Dr. 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. Moreover, thanks to the logistical advantages of proximity, it will help reduce the fuel subsidies provided by the Cameroonian government”.
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. For Cameroon, it represents a significant step forward in accessing high-quality and locally sourced petroleum products.
About Dangote Refinery
Located in Lagos, Nigeria, Dangote Refinery is the largest single-train refinery in the world, with a processing capacity of 650,000 barrels per day. It is a flagship project of the Dangote Group, which is dedicated to transforming Africa’s energy landscape.
About Neptune Oil
Neptune Oil is a leading energy company in Cameroon, committed to providing reliable and sustainable energy solutions. Through collaborations with international partners, Neptune Oil plays a pivotal role in driving economic growth in the region.
DANGOTE GROUP NEPTUNE HOLDING
Alhaji Aliko Dangote Dr. Ndzengue Antoine
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