Cameroon’s Tradex has opened a filling station in Equatorial Guinea as part of its $25m investment in a three-year plan to build 10 service stations in the country.
African Energy Chamber disclosed, in a statement, that Equatorial Guinea’s Head of State, Teodoro Mbasogo, officially inaugurated Tradex’s first service station last week after nine months of construction.
Mbasogo reportedly said, “This project comes to remedy the stock break of the refined product that has proven to be a challenge for our country.
“At the same time, we hope the goals set in our partnership with Tradex can be considered as a reflection of the government’s dedication to increase the number of investors in the country and encourage sub-regional integration.”
Tradex’s Managing Director, Mr. Bassalang George, shared details on the company’s expansion plan, which is driven by the goal to ensure a permanent supply of refined petroleum products to Equatorial Guinea.
Specifically, he said the company intended to complete construction on five more locations by the end of 2021.
President of AEC for CEMAC Region, Leoncio Amada Nze, expressed excitement in the launch of Tradex’s first filling station in Malabo,.
“This marks the first of many to come. We are glad that Equatorial Guinea was able to see this launch just after nine months since the first brick was laid. We are equally excited to see the commencement of construction on the second gas station, which will be located in the Ela Nguema district.”
The new filling station has a storage capacity of 100,000 litres of fuel and 300 tanks of 12.5kg of butane gas.
The collaboration between Equatorial Guinea and Cameroon highlights the substance of regional integration and the exciting prospect of local strategic solutions to local challenges.