Dangote Refinery Boosts Regional Trade with First Fuel Exports to West Africa
The Dangote Petroleum Refinery has reached a significant milestone by initiating the export of refined petroleum products to West African nations, marking a pivotal moment in regional fuel market dynamics.
Reports from Bloomberg, drawing on data from Vortexa, Kpler, Precise Intelligence, and a port report, reveal that the refinery recently sent a shipment of over 300,000 barrels of gasoline to waters off Togo. The shipment, carried by the tanker CL Jane Austen, highlights the refinery’s growing capacity to serve markets beyond Nigeria.
This development follows expressions of interest from Ghana, whose National Petroleum Authority (NPA) chairman, Mustapha Abdul-Hamid, recently advocated for sourcing fuel from the Dangote Refinery. Speaking at the OTL Africa Downstream Oil Conference in Lagos, Abdul-Hamid emphasized that relying on imports from Nigeria rather than Europe could significantly reduce Ghana’s freight costs and overall expenses on petroleum imports, currently amounting to $400 million monthly.
“If the refinery reaches 650,000 barrels per day capacity, all that volume cannot be consumed by Nigeria alone,” Abdul-Hamid noted. “Instead of importing from Rotterdam, it will be much easier for us to import from Nigeria, and I believe that will bring down our prices.”
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The Dangote Refinery’s capacity to supply neighboring countries positions it as a critical player in transforming fuel distribution across West Africa, fostering economic integration, and reducing reliance on distant markets.
