Dangote group eyes new fuel storage terminal in Cameroon
The Dangote Group has proposed building a petroleum products storage terminal in Cameroon to boost the regional distribution network of its Lekki refinery. The proposal was presented to Cameroon’s Prime Minister by Devakumar Edwin, the Group’s Vice President for Oil, Gas and Fertiliser. The facility aims to improve fuel supply security, reduce logistics costs, and potentially include a pipeline network. The project is still at the discussion stage, with no agreement or timeline announced.
TLDR
- The Dangote Group presented its proposal for a fuel storage terminal to Cameroon’s Prime Minister, Joseph Dion Ngute.
- The planned terminal would help build Cameroon’s strategic petroleum reserves and improve supply security.
- Details such as the terminal’s location, capacity, investment value, and ownership structure have not been disclosed.
- The project could complement or compete with ongoing government and private sector investments in Cameroon’s petroleum storage sector.
- If approved, the terminal would mark Dangote Group’s entry into Cameroon’s downstream petroleum sector, expanding its presence beyond cement manufacturing.
