· Cameroon’s oil operator Tradex opened its first service station after completing the construction work in nine months.
· The facility was inaugurated by H.E. Teodoro Obiang Nguema Mbasogo, Equatorial Guinea’s Head of State.
Cameroon’s oil operator Tradex opened its first service station after completing the construction work in nine months. The facility was inaugurated by H.E. Teodoro Obiang Nguema Mbasogo, Equatorial Guinea’s Head of State.
In 2019, Cameroon launched its three-year expansion plan, to invest approximately $25 million in Equatorial Guinea through building a network of 10 service stations. The new filling station located in Malabo II with a storage capacity of 100,000 litres of fuel and 300 tanks of 12.5kg of butane gas was built by Equatoguinean company, Alammarin For Construction SL. The new project of Tradex’s filling station in the country marks its entry into Equatorial Guinea’s petroleum products market.It is part of its three-year expansion strategy, launched in 2019, to invest approximately $25 million in Equatorial Guinea through building a network of 10 service stations.
The collaboration between Equatorial Guinea and Cameroon is in the spirit of the objectives set by AfCTA, and highlights the scope of regional integration and the prospect of local strategic solutions to local challenges and, the efficacy of local resource allocation.
Tradex’s Managing Director, Mr. Bassalang George said the company plans to complete construction on five more locations by the end of 2021 which will ensure a permanent supply of refined petroleum products to Equatorial Guinea. the second gas station will be located in the Ela Nguema district.
