Dangote To Establish Petrol Terminal In Caribbean

Google+ Pinterest LinkedIn Tumblr +

The Chairman and CEO of Dangote group, Aliko Dangote has disclosed that the company is planning to set up a terminal in the Caribbean to export petroleum products to countries in the North American region.
Dangote who made this disclosure on Wednesday at the Afreximbank’s Trade and Investment Forum in The Bahamas, said the company can easily supply petroleum products to the region within 18 to 20 days.
According to the African richest man, the company will sign a bilateral agreement with the region to construct the terminal for the exportation of its petroleum products.
“I know the price in the Caribbean in terms of petroleum products is very high. We produce it cheaply. We can always bring it here. We can set up a terminal and we’ll be able to fix their needs.
“We will have a bilateral agreement with them and also bringing in stuff from there is not more than 18 to 20 days maximum. And then we need to set up a terminal.
“Once we set up a terminal, they will have a very cheap oil. They will have cheap energy. And by having cheap energy, their own economy will grow faster,” Dangote said


About Author

Comments are closed.