Dangote Refinery has made history by commencing the export of Premium Motor Spirit (PMS) to Cameroon, marking the first-ever export of petroleum products from Africa’s largest oil refinery. This significant milestone heralds a new era of economic collaboration and energy independence between Nigeria and Cameroon.
The export is the result of a strategic partnership between Dangote Refinery and Neptune Oil, a Cameroon-based energy company. According to a statement released by Dangote Refinery on Wednesday, this partnership is a major step toward enhancing regional energy security and promoting intra-African trade.
President and CEO of Dangote Group Aliko Dangote, expressed his excitement about the development: “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.”
The partnership is also seen as a significant boost to Cameroon’s energy sector. Antoine Ndzengue, Director and Owner of Neptune Oil, emphasized the importance of the collaboration, saying, “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, carried out without the involvement of international intermediaries, is a testament to the growing focus on intra-African trade and the continent’s drive for energy independence. Both companies are exploring further initiatives to establish a reliable supply chain that can stabilize fuel prices and create new economic opportunities across the region.
For Nigeria, the export underscores the capacity of Dangote Refinery to meet domestic needs while positioning itself as a key player in the regional energy market. The refinery, located in Lagos, has an impressive processing capacity of 650,000 barrels per day, making it the largest single-train refinery in the world.
“This development not only showcases the refinery’s capabilities but also reinforces its commitment to driving energy transformation across Africa,” Dangote added.
Neptune Oil, a leading energy company in Cameroon, is equally committed to sustainable and independent energy solutions. Ndzengue concluded, “This initial supply reflects our commitment to serving our markets independently and efficiently.”
