The Dangote Refinery, located in the Lekki Free Zone near Lagos, is set to become Africa’s largest oil refinery and the world’s largest single-train facility. Credit: Aspectum/Shutterstock.

Nigeria’s Dangote Refinery has announced its inaugural petrol exports to Cameroon, marking a significant milestone in regional energy integration, reported Reuters.

This development could help stabilise fuel prices across the region.

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The Dangote Refinery is a 650,000 barrels per day (bpd) facility located in the Lekki Free Zone in Lagos.

Owned by Dangote Industries, the refinery is poised to compete with European refiners once fully operational. It is set to become Africa’s largest oil refinery and the world’s largest single-train facility.

According to the report, the company did not disclose the volume of petrol exported.

However, Cameroon’s Neptune Oil confirmed the transaction, highlighting ongoing efforts to establish a reliable supply chain to stabilise regional fuel prices. “The petrol supply transaction was executed without intermediaries,” stated Neptune Oil.

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The refinery’s pipeline infrastructure spans 1,100km and is capable of handling three billion standard cubic feet of gas per day. It also features a 435MW power plant, sufficient to meet the power needs of the Ibadan Electricity Distribution Company (Ibadan DisCo).

The refinery aims to satisfy 100% of Nigeria’s entire demand for refined products while also maintaining surpluses for the purpose of export.

This multibillion-dollar project is expected to create a market for $21bn of Nigerian crude annually, and is designed to process both Nigerian and other crude types.

NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company, recently entered a ten-year gas sale and purchase agreement with Dangote Petroleum Refinery and Petrochemicals.

NGML will supply 100 million standard cubic feet per day (mscf/d) of natural gas, including 50mscf/d as firm supply and 50mscf/d as interruptible supply, with options for renewal and expansion.

This agreement will support the supply of natural gas for power generation and feedstock at the Dangote Refinery.