DYNAMISM OF THE OIL SECTOR : Tradex Announces a 10-Billion-FCFA Investment to Strengthen Its Network in Equatorial Guinea

(LVDE) – This strategic investment, planned for 2026, was unveiled by Emmanuel Patrick Mvondo, Chairman of the Board of Directors of Tradex Equatorial Guinea, during a working session between the Vice President of Equatorial Guinea and the top management of SNH, extended to the CEO of TRADEX, on November 19, 2025, in Yaoundé.

The oil sector landscape in Equatorial Guinea is set for significant transformation thanks to Tradex SA’s commitment. During a recent presentation in Yaoundé, Emmanuel Patrick Mvondo, Chairman of the Board of Directors of Tradex Equatorial Guinea, revealed that the company plans to invest 10 billion FCFA by 2026 to expand its network. This announcement was made in the presence of Teodoro Nguema Obiang Mangue, Equatorial Guinea’s Vice President, who visited the National Hydrocarbons Corporation (SNH) to learn about the progress achieved by Tradex.

This substantial amount will be allocated to the construction of four new service stations and a storage depot—key infrastructure to boost the company’s logistical capacity. “These investments aim to support an expected increase in the volume of imported petroleum products,” Mvondo said, highlighting the importance of strengthening supply for the local market.

Currently, Tradex operates a total of ten service stations in Equatorial Guinea, a figure still far behind the 35 stations operated by TotalEnergies and the 30 belonging to GePetrol, the main state competitor. Despite this gap, Tradex’s strategy focuses on high–value-added segments. “We already have 30 industrial clients, and we are developing our expertise in marine bunkering from our depot at Luba Port,” he added. The company is positioning itself as a dynamic and innovative player in a rapidly expanding market.

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Despite a competitive environment, Tradex Equatorial Guinea recorded a turnover of 59 billion FCFA in 2024, an increase of 8 billion compared to the previous year. Furthermore, net profit reached 3.4 billion FCFA, illustrating the strength of its financial performance. These results reflect solid expertise and a well-established strategy in an increasingly attractive market.

Beyond Equatorial Guinea, Tradex also operates in other Central African countries, including Chad, the Central African Republic, and recently the Democratic Republic of Congo. In Cameroon, the company has successfully established itself in 32 towns and villages, benefiting from growing recognition and a wide supply network.

Tradex’s strength lies in its ability to diversify its activities while generating significant local employment, with around 1,600 employees across its subsidiaries. As a state-owned enterprise, it continues to assert itself against industry giants, consolidating its position and influence in the region.

As Tradex intensifies its efforts in Equatorial Guinea, the coming years will be crucial. The planned 10-billion-FCFA investment could transform not only the company’s operational capacity but also its role in the oil market. This expansion is part of a broader goal: strengthening energy security and the supply of petroleum products in a country with growing needs. Tradex’s leadership is pursuing a growth dynamic capable of supporting local demand while seeking to reduce dependency on foreign operators. The future looks promising for Tradex, which is committed to playing a key role in achieving Equatorial Guinea’s energy ambitions.

Tressy Chouente