Nigeria's fuel imports plummet to an 8-year low as the Dangote Refinery ramps up production, marking a significant shift in the country's oil market and potential impact on European gasoline supplies.
Dangote Refinery is expanding its market base across Africa, securing fuel supply agreements with 8 nations, including South Africa, Angola, and Ghana, amidst challenges in the Nigerian market.
Dangote Petroleum Refinery is constructing eight additional tanks to boost storage capacity for imported crude oil, increasing total capacity to 3.4 billion litres, amid supply issues with local crude from Nigerian National Petroleum Company Limited.
Oil marketers in Nigeria may abandon Dangote Refinery as imported fuel prices decrease, threatening local refining self-sufficiency.
Dangote Refinery's lawsuit against NMDPRA, NNPCL, and other marketers resumes in court, seeking to halt refined petroleum imports and promote domestic production in Nigeria.
The $20 billion Dangote refinery is expected to hit its maximum refining capacity of 650,000 barrels per day by June 2025, resolving local crude deficit by importing oil from outside Nigeria.
Nigeria's Dangote refinery is on track to hit its maximum refining capacity of 650,000 barrels per day by June, with plans to import crude oil from outside the country to resolve local supply deficits.
Nigerians praise Dangote refinery's fuel quality, sparking comparisons with NNPC's imports and raising questions about government's role in fuel market
Dangote's $20.5 billion oil refinery in Nigeria is impacting the European gasoline market, reducing imports and changing trade dynamics, according to OPEC.
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