The Dangote Petroleum Refinery has announced a groundbreaking partnership with Neptune Oil, a Cameroonian energy firm, for its first-ever export of Premium Motor Spirit (PMS), commonly known as petrol, to Cameroon.
In a statement on Wednesday, the refinery highlighted that the collaboration demonstrates both companies’ dedication to addressing the region’s increasing energy needs and fostering economic ties.
“This milestone, resulting from a strategic collaboration between the two companies, underscores their commitment to strengthening economic ties between Nigeria and Cameroon while meeting the region’s growing energy demands,” the statement read.
The refinery, Africa’s largest, emphasized that the partnership with Neptune Oil goes beyond this initial export.
Both firms are exploring new initiatives to establish a reliable supply chain aimed at stabilizing fuel prices and generating economic opportunities across the region.
The export, according to the refinery, underscores Nigeria’s ability to meet domestic energy needs while positioning itself as a significant player in the regional energy market.
It also provides Cameroon access to high-quality, locally sourced petroleum products.
Aliko Dangote, president and CEO of Dangote Group, hailed the development as a pivotal moment in advancing Africa’s energy independence.
“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,” Dangote said.
Antoine Ndzengue, director and owner of Neptune Oil, described the partnership as transformative for Cameroon’s energy sector.
“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,” he said. “This initial supply, executed without international intermediaries, reflects our commitment to serving our markets independently and efficiently.”
