Audio By Carbonatix
Nigeria's Dangote Refinery said on Wednesday it has made its first export of petrol to Cameroon, a milestone that could pave the way for regional energy integration and help stabilise fuel prices across the region.
The 650,000 barrel refinery built by Nigerian billionaire Aliko Dangote in Lagos aims to compete with European refiners when operating at full capacity and is expected to change the trading of refined products in the Atlantic basin.
The company did not provide details of how much was exported.
Cameroon's energy firm Neptune Oil said in the statement that both companies were exploring new initiatives to establish a reliable supply chain that will help stabilize fuel prices and opportunities across the region.
Neptune Oil said the petrol supply transaction was executed without intermediaries.
Latest Stories
-
Western North NPP raises alarm over cocoa sector neglect, cites lack of funds and jute sacks
5 minutes -
Government still owes IPPs over $700m in legacy debt — JoyNews Research
6 minutes -
Charge Ofori-Atta and stop the public commentary – Frank Davies tells AG
23 minutes -
NPP race: Massive turnout in Gushegu as delegates endorse Bawumia
27 minutes -
Ashaiman traders protest main market redevelopment, fear losing stalls and livelihoods
34 minutes -
Daily Insight for CEOs: The CEO’s role in strengthening goal setting and OKRs (Objectives and Key Results) across the Organisation
35 minutes -
Protect it, fix inefficiencies: BoG Governor on Gold-for-Reserves
40 minutes -
Ghana to host 2026 Africa Aquatics Championships in May
48 minutes -
IGP and Management Board tour police recruitment centres in Greater Accra to assess process
50 minutes -
BoG pushes back on IMF claims, says FX reforms are fixing not creating problems
55 minutes -
Stability came at a cost – BoG defends billions lost in Domestic Gold Purchase Programme
59 minutes -
Ofori-Atta’s lawyer slams AG over public disclosure of ‘inconclusive’ offshore probe
1 hour -
Retribution and Karma: Amanda Clinton links Ofori-Atta’s woes to 2018 banking sector collapse
1 hour -
Borderless Africa petition surpasses 10K signatures, campaign intensifies
2 hours -
QNET Ghana hosts New Year media soirée, unveils plans for bigger V-Africa event
2 hours