Cameroon has emerged as the inaugural international purchaser of petroleum from the Dangote refinery.
The initial shipment of 60,000 tons of refined petroleum was delivered to Neptune Oil, a prominent distributor and retailer in Central Africa.
The company has indicated that it is collaborating with the refiner to create a dependable supply chain aimed at stabilizing fuel prices and enhancing opportunities throughout the region.
Aliko Dangote intends to export 56% of his overall fuel production, despite challenges in crude supply that may hinder the refinery’s operations.
The 650,000 b/d facility commenced domestic gasoline sales in September, with Nigeria’s state-owned oil company being the exclusive buyer.
The Nigeria National Petroleum Company (NNPC) has been heavily reliant on imports for its domestic gasoline needs but anticipates that Dangote’s operations will lessen this reliance and conserve vital foreign exchange for the government.
In October, Dangote and the NNPC initiated a crude-for-gasoline swap agreement, which is settled in Naira.
