US EditionDangote Refinery Crude Supply Doubles, But High Import Costs Squeeze Margins
The refinery shipped about 17 petrol cargoes and ramped up urea exports as buyers sought alternative supplies, Dangote said.
- On Monday, billionaire Aliko Dangote announced his Lagos-based refinery is operating at full capacity of 650,000 barrels per day, boosting fuel exports to African nations amid widespread supply disruptions.
- Recent crude allocations from the Nigerian National Petroleum Company Limited reached 10 cargoes in March, though Dangote noted the plant requires 19 cargoes monthly to maintain maximum output.
- Dangote told reporters, "Last month, they gave us six cargoes for naira and four for dollars," emphasizing that sourcing crude domestically in local currency is vital to curb rising fuel costs.
- Amid supply chain disruptions caused by the war in the Middle East, many African nations now rely on the refinery for petroleum products, creating regional dependence.
- Exports of urea fertiliser have increased to regional buyers, positioning the refinery as a critical stabilizer for West, Central, and East Africa during the global fuel shortage.
13 Articles
13 Articles
Middle East Crisis: We Have The Capacity To Supply Nigeria, Africa, Says Dangote
Africa’s richest man, Aliko Dangote, has said his refinery has the capacity to supply petroleum products to Nigeria and across Africa despite ongoing disruptions linked to tensions in the Middle East. Dangote stated this during a tour of the refinery in Lagos, noting that the facility was already ramping up exports to cushion the impact of supply shocks triggered by the Iran war. “What I can do is assure Nigerians and most of West Africa, Centra…
Nigeria: Dangote Refinery Ships 17 Petrol Cargoes to African Countries As Global Supply Tightens
The Dangote refinery, Africa's largest, has increased export of petrol and urea to African countries hit by supply disruptions caused by the Iran war, its owner, Aliko Dangote said yesterday.
Dangote Refinery Crude Supply Doubles, But High Import Costs Squeeze Margins
The Dangote refinery, Africa's biggest, received 10 Nigerian crude cargoes in March, double from February, as Nigeria aims to secure enough fuel supply amid the global crude and refined product crunch as a result of the war in the Middle East. Dangote, the biggest refinery in Africa which began operations in 2024, has started exporting fuel to regions other than West Africa. The refinery started up in January 2024 with the launch of diesel and n…
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