Tradex Cameroon launches its operations in Equatorial Guinea

The Tradex oil company, a subsidiary of the National Hydrocarbons Corporation (SNH) specialized in trading, marine bunkering and distribution of finished oil products, is now present in four countries of the CEMAC area.

After Cameroon, Central African Republic, and Chad, the company officially launched its activities in Equatorial Guinea on November 3, 2015, according to an official statement.

Tradex operates in Equatorial Guinea thanks to a contract with the company, Luba Equatorial Guinea Oil Terminal (LOTEG). Through this partnership, says Cameroonian Oil Company, “Tradex stores its products in the LOTEG facilities within the precincts of Luba Free Port and provides exclusively, the supply of buildings refueling petroleum products to Luba Free Port”.

From its Equatorial Guinean subsidiary, Tradex aims in the near future to ensure 'the supply of bunker oil, fishing trawlers and other vessels unfolding in the Gulf of Guinea," says the company.

"The Tradex Group wishes to take an active part in the impressive work of the development of Equatorial Guinea."

The company is in a South-South partnership, exalted by the President of the Republic of Equatorial Guinea, and very short-term hopes to partner with local actors, to place its entire expertise, its products and services, to the benefit of industrial and household in Equatorial Guinea," said Jean Perrial Nyodog (photo), CEO of Tradex, during the official launch of the activities of the Cameroonian business in Equatorial Guinea.

Founded in 1999 in Cameroon by the NHC and private investors, Tradex now owns a network of 78 service stations in which it sells gas brand Tradex Gas and lubricants brand of Tradex.

In order to strengthen the domestic gas market in Cameroon and Central Africa to win this oil operator, this is the national torchbearer in the downstream oil sector dominated by multinationals, announced in May 2015, having yielded 26% stake in the Swiss company Geogas. BRM