Dangote Refinery is reshaping Africa’s energy sector by producing and exporting refined petroleum products on an unprecedented scale.
As the world’s largest single-train refinery, with a capacity of 650,000 barrels per day (bpd), it has elevated Nigeria’s status as a key player in the global petroleum industry.
Last month, Dangote Petroleum Refinery shipped two jet fuel cargoes to Saudi Aramco, the world’s largest oil producer and a major integrated oil and gas company based in Saudi Arabia.
Dangote Refinery has begun exporting petrol, diesel, and jet fuel to multiple countries, despite facing initial hurdles in selling to local Nigerian marketers.
Four African nations have started purchasing gasoline from Dangote Refinery.
According to reports, these four countries are benefiting from the refinery’s output:
Cameroon, a Central African country with limited refining capacity, has long relied on fuel imports from Europe. It became the first nation to receive Dangote Refinery’s supply, with 60,000 tons imported through Neptune Oil. This milestone reduces Cameroon’s dependence on European imports, strengthens regional energy trade, and fosters economic ties within Africa. By providing refined petroleum products, Dangote Refinery is stabilizing fuel prices, improving accessibility for businesses and consumers, and boosting economic activities while enhancing energy security.
Ghana, one of West Africa’s fastest-growing economies, has experienced rising energy demand due to urbanization and industrial expansion. By sourcing fuel from Dangote Refinery, Ghana is reducing its dependence on distant markets, lowering transportation costs, and potentially making fuel prices more competitive. This partnership supports Ghana’s industrial growth, particularly in the manufacturing and transportation sectors, which are crucial to its economy.
Angola, despite being one of Africa’s top crude oil producers, has struggled with limited refining capacity and relies on imports for refined petroleum. Dangote Refinery is addressing this issue by offering a regional alternative, helping Angola cut reliance on European and Middle Eastern refining hubs. This intra-African trade strengthens economic ties on the continent and enhances Angola’s energy security. By leveraging Nigeria’s refining capacity, Angola can optimize its crude oil production while efficiently meeting its refined fuel needs.
South Africa, the continent’s most industrialized economy, has faced supply challenges due to local refinery closures and increasing dependence on fuel imports. Dangote Refinery’s entry into the South African market diversifies supply sources and reduces vulnerability to disruptions. By securing refined petroleum from Nigeria, South Africa can better support its manufacturing, mining, and transportation sectors, which are vital to its economy. This collaboration strengthens economic ties between two of Africa’s largest economies while reinforcing Nigeria’s role as a leading energy exporter.
Source:businessday.ng
