Actu Eco » Business and coorporation

JFF Oil : Executes a 100% Cameroonian trading transaction from Dangote's refinery.

Dernière mise à jours il y'a 10 mois

The Cap Limboh oil terminal in Limbe,received 40,000 metric tons of gas oil on March 10,2025 originating from the Dangote Group's refinery in Nigeria

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The importation of this cargo was carried out by JFF Oil, a Cameroonian company specializing in the trading and distribution of petroleum products. Its compatriot DSC Marine handled the transportation and logistics of this cargo via the tanker named MT/Central. Both entities are subsidiaries of JFF Holding, a conglomerate controlled and led by Cameroonian businessman Jules François Famawa.The operation, which commenced on March 7, 2025, following the confirmation of letters of credit, was carried out at the Lekki terminal in Nigeria on the SPM P3 post. The chartered vessel finished loading on March 8, 2025, at 2:00 PM and arrived two days later on the Cameroonian coast. Upon arrival in Limbe, a tugboat was chartered to perform ship-to-ship  operations directly to the main depot of the SCDP (Cameroonian Petroleum Depot Company) in Douala, from where the fuel will be distributed to gas stations for sale.This operation demonstrates Cameroon's ability to supply the local market through a local trading company at a competitive price, optimizing the entire value chain and achieving economies of scale from upstream to downstream, without relying on Western trading companies that drive up procurement costs.  Additionally, cutting out intermediaries in the supply chain provides a competitive edge over imports from far-flung countries.To address the crisis related to petroleum product supply tensions on the Cameroonian market, it is essential to leverage this operation by diversifying sourcing and trading partners, and to undertake large-scale imports of critical products (diesel, gasoline) on an open account basis to rebuild safety and commercial stocks in Douala and Sonara, in light of the uncertainties surrounding the availability of petroleum products on the global market," the company stresses.The country has experienced recurring fuel shortages in recent years, which have hindered economic growth. Since a fire damaged the Sonara refinery in 2019, the country's sole refining facility, Cameroon has had to rely entirely on imported fuel to meet local demand

Christelle koambi

christelle
JESSICA CHRISTELLE KOAMBI
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