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
-
Ghana petitions AU over xenophobic attacks on African nationals in South Africa
9 minutes -
Shocking and perplexing – Godfred Dame slams gov’t attempts to weaken OSP
11 minutes -
GPL 2025/26: Medeama drop points as GoldStars keep title hopes alive
11 minutes -
Suame MP slams ORAL initiative as ‘illegal’ and driven by haste
29 minutes -
Gideon Boako accuses BoG of ‘accounting gimmick’ over solvency position
34 minutes -
Minority raises alarm over BoG losses, says concerns are in national interest
37 minutes -
Economic stability achieved, focus now shifts to production – Isaac Adongo
40 minutes -
Youth disillusionment poses greatest threat to Ghana’s stability – UNDP
43 minutes -
John Darko urges Mahama to complete Agenda 111 projects instead of starting new ones
46 minutes -
Ghana needs $22.6bn to tackle climate challenges – Seidu Issifu
49 minutes -
Cocoa smuggling: Fiapre Circuit Court grants GH¢10k bail each to four suspects
53 minutes -
African media criticised for weak geopolitical coverage
57 minutes -
NHIA launches free NHIS registration campaign
59 minutes -
Oil prices rise by $1 as investors weigh Middle East peace prospects
60 minutes -
Court remands three over jewellery shop robberies
1 hour