APO

Cameroonian Tradex inaugurates its first gas station in Equatorial Guinea as part of its expansion plan

Published

on

HE Mr. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, officially inaugurated the Cameroonian oil operator, the first Tradex gas station last week after nine months of construction work.

The new service station located in Malabo II was built by the Equatorial Guinean company Alammarin For Construction SL and has a storage capacity of 100,000 liters of fuel and 300 tanks of 12.5 kg of butane gas.

The launch of Tradex’s flagship gas station in the country marks its entry into Equatorial Guinea’s petroleum products market and is part of its three-year expansion plan, launched in 2019, to invest approximately $ 25 million in Equatorial Guinea through the construction of a network of 10 service stations.

In accordance with the objectives set by AfCTA, the collaboration between Equatorial Guinea and Cameroon thus highlights the substance of regional integration and the exciting prospect of local strategic solutions to local challenges and is an excellent example of the effectiveness of the allocation of local resources.

“This project addresses the shortage of the refined product which has turned out to be a challenge for our country,” said HE Gabriel Mbaga Obiang Lima. “At the same time, we hope that the objectives set in our partnership with Tradex can be seen as a reflection of the government’s commitment to increase the number of investors in the country and to encourage sub-regional integration”, he added.

Also breaking new ground on the company’s second service station, Tradex Managing Director Mr. Bassalang George shared details of the company’s short-term expansion plan, driven by the goal of securing supply permanent position in refined petroleum products in Equatorial Guinea. Specifically, he said the company intends to complete construction of five more sites by the end of 2021.

“We are delighted to see the launch of Tradex’s first filling station in Malabo,” said Leoncio Amada Nze, President of the CEMAC region of the African Energy Chamber. “This is the first in a long series to come. We are happy that Equatorial Guinea was able to see this launch nine months after the laying of the first brick. We are also delighted to see the start of construction of the second gas station which will be located in the Ela Nguema district, ”he added.

NNN

NNN: :is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

Coronavirus – Nigeria: Community informants use mobile data collection tools to strengthen COVID-19 surveillance Central African Republic ‘highly unstable’ despite significant progress – UN peacekeeping chief Coronavirus – Eritrea: Ministry of Health announcement (February 24, 2021) Coronavirus – Ethiopia: COVID-19 update (February 24, 2021) Coronavirus – Malawi: COVID-19 update (February 24, 2021) FIFA President’s African visits continue Coronavirus – South Africa: COVID-19 update (February 24, 2021) Coronavirus – Eswatini: COVID-19 update (February 24, 2021) Coronavirus – Nigeria: COVID-19 update (February 24, 2021) Coronavirus – Uganda: COVID-19 update (February 24, 2021) Building greater sustainability, climate resilience in West Africa Local content at the top of Mozambique’s development agenda (By Charné Hundermark) Coronavirus – Rwanda: COVID-19 update (February 24, 2021) West African countries step up Ebola preparedness Angola’s 65-year oil history has been good for Angola despite some challenges (by Andres Vega) African football at a crucial stage with the polls of the African Football Confederation (CAF) looming Reunion for Campenaerts at the Belgian “Opening Weekend” Manchester United announces partnership with StarTimes to bring MUTV to Africa Hennessy Becomes First Global Spirits Partner of the NBA Canon launches EOS M50 Mark II as social content creation continues to soar Progress in women’s football highlighted at meetings in Morocco African Energy Chamber Investment Committee commits to facilitate multi-billion USD investments in 2021 for African energy projects Video press release: WHO Africa online press briefing on COVID-19 in Africa Coronavirus – Eswatini: COVID-19 update (February 23, 2021) Coronavirus – Ethiopia: COVID-19 update (February 23, 2021) Coronavirus – Nigeria: COVID-19 update (February 23, 2021) Coronavirus – Eritrea: Ministry of Health announcement (February 23, 2021) Raubenheimer satisfied with Bok Women’s progress Coronavirus – Malawi: COVID-19 update (February 23, 2021) The first doses of the AstraZeneca vaccine were delivered to Ghana via COVAX The Government of Pakistan and the International Islamic Trade Finance Corporation signed an annual financing plan amounting to US $ 1.1 billion Coronavirus – Uganda: COVID-19 update (February 23, 2021) NaturalShrimp Signs Letter of Intent to Acquire Aquaculture Assets from Hydrenesis Aquaculture, LLC Telecoming partners with Ounousa to enrich its mobile offering with entertainment content for women Zimbabwe’s First Lady congratulates Senator Dr Rasha Kelej on her nomination as African Woman of the Year 2020 Brooklyn’s Harden and Phoenix’s Paul Main Reserves for 2021 NBA All-Star Game SAP Young Professional program helps build a more collaborative digital workforce in East Africa National Refugees’ Commission donates food and non-food items to IDPs Coronavirus – Malawi: COVID-19 update (February 22, 2021) Coronavirus – Uganda: WHO supports Uganda to mitigate risks of COVID-19 transmission during election period Nigeria Petrol landing cost now N186 per liter Coronavirus – Gambia: COVID-19 update (February 22, 2021) Thousands of Ethiopians seek asylum in Sudan’s Blue Nile state Coronavirus – South Africa: COVID-19 update (February 22, 2021) Coronavirus – Nigeria: COVID-19 update (February 22, 2021) Coronavirus – Ethiopia: COVID-19 update (February 22, 2021) Coronavirus – Eswatini: COVID-19 update (February 22, 2021) Coronavirus – Eritrea: Ministry of Health announcement (February 22, 2021) Nigerian Ministry of Petroleum Resources delegation holds bilateral meeting with Equatorial Guinea Ministry of Mines and Hydrocarbons Cameroonian Tradex inaugurates its first gas station in Equatorial Guinea as part of its expansion plan