Benin alone produced 109 thousand tonnes of vegetable oils in 2019 (Source: World Data Atlas). The African edible oil market was valued at USD 4,803.28 million in 2021. Experts expect it to reach USD 8503.00 million by 2029, registering a CAGR of 7.40% during the forecast period of 2022-29.
Who is responsible for petroleum imports in Benin?
The company responsible for petroleum imports is Société Nationale de Commercialisation des Produits Pétroliers (SONACOP). Benin ceased petroleum production from its Seme oilfield in 1998. America’s Kosmos Energy LLC explored for petroleum in 2006. In recent years, there has been an attempt to revive the oil production and industry in Benin.
Where do we ship oil to Benin?
We began our presence in the country with the construction of this terminal in the coastal capital of Cotonou. Since this modern facility opened in 1999, it has managed the transit of oil products not only to Benin, but also to customers in surrounding seaborne and landlocked countries, including Niger, Burkina Faso, Mali and Togo.
Where can I store oil & gas in Benin?
Storage terminal: We own one of the four oil and gas storage terminals in Benin, and by far the busiest, with access to a private deep water jetty that allows large vessels of up to 180 metres and 30,000 MT to berth. We began our presence in the country with the construction of this terminal in the coastal capital of Cotonou.