US EditionMiddle East shock gives Dangote Refinery leverage as cheap imports dry up
Dangote Refinery sold 12 cargoes totaling 456,000 tonnes this March, boosting fuel supply to multiple African countries amid Middle East conflict disruptions.
- Nigeria's Dangote Petroleum Refinery has increased gasoline exports across Africa as disruptions due to the Iran conflict have squeezed traditional fuel supply routes, curbing cheap imports that long dominated West African markets.
- The 650,000 barrel-per-day Dangote refinery has sold 12 gasoline cargoes totaling 456,000 metric tons to international traders, with shipments delivered to several African countries.
- The escalating Middle East conflict has pushed up global crude prices and cut low-cost refined product flows into West Africa, creating opportunities for suppliers with shorter supply chains like Dangote.
29 Articles
29 Articles
Nigeria's Dangote refinery increases exports as Middle East war shakes global markets
Nigeria's Dangote Petroleum Refinery has stepped up gasoline exports across Africa as disruptions to energy flows due to the Iran conflict squeeze traditional fuel supply routes, curbing the cheap imports that long dominated West African markets. As the Strait of Hormuz remains closed, the refinery could also see a surge in European demand, especially for jet fuel. FRANCE 24's Clemence Waller has more.
As the Dangote Petroleum refinery intensifyes its efforts to become a regional hub for the fuel sector, war in the Middle East redefines traditional product flows to the continent.
The war in the Middle East also has repercussions all over the world. Africa is not spared by the economic consequences: inflation, risk of shortage of fertilizers. Oil, too, is particularly affected, due to the blockade of the Strait of Ormuz. Faced with these disturbances, Nigeria wants to pose itself as an indispensable actor on the continent, thanks to the mega refinery of Aliko Dangote. In addition to ensuring domestic demand, the miliard h…
Middle East shock gives Dangote Refinery leverage as cheap imports dry up
Nigeria's Dangote Petroleum Refinery has stepped up gasoline exports across Africa as disruptions to energy flows due to the Iran conflict squeeze traditional fuel supply routes, curbing the...
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