Nigeria’s Dangote Refinery has achieved a significant milestone by exporting its first shipment of Premium Motor Spirit (PMS) to Cameroon. This development marks a pivotal step toward regional energy integration and has the potential to stabilize fuel prices across the region.
The Dangote Refinery, located in Lagos and constructed by Nigerian billionaire Aliko Dangote, boasts a capacity of 650,000 barrels per day. Once fully operational, it aims to compete with European refiners and is expected to influence the trading of refined products in the Atlantic basin.
The exact quantity of petrol exported was not disclosed. However, Cameroonian energy company Neptune Oil confirmed that the transaction was executed without intermediaries. Both companies are exploring new initiatives to establish a reliable supply chain and create opportunities across the region.
This export signifies a positive development in Nigeria’s refining sector, highlighting the potential for increased regional cooperation and economic growth.
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