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The Dangote refinery in Nigeria has increased its fuel exports, in a move aimed at alleviating the supply crisis that African markets are suffering from as a result of global turmoil.
According to recent data, the refinery, the largest in Africa, has increased its gasoline exports to several countries in the west, center and east of the continent, in light of the decline in traditional supplies due to tensions related to the war on Iran.
The refinery is currently operating at its full production capacity, which amounts to about 650,000 barrels per day, which has enabled it to play a pivotal role in reducing the repercussions of the energy crisis on the continent.
Increased shipments to African markets
The data indicated that the refinery exported about 17 shipments of gasoline to African countries during the recent period, at a time when demand for alternative sources of supplies increased. Urea (fertilizer) exports to African markets also increased, after they were traditionally directed to the United States and South America, in an indication of a shift in export destinations.
In turn, businessman Aliko Dangote confirmed the company’s ability to meet the needs of a large number of African countries, in light of the widening supply gap.
An increasing role in energy security despite the challenges
This expansion reflects a shift in the energy map within Africa, as the continent began to rely increasingly on local production instead of distant imports. This coincided with a decline in the flow of low-cost fuel from global markets, which strengthened the refinery’s position as a major regional source.
Exports of petroleum products from Nigeria have also increased significantly in recent months, an indication of changing market dynamics in favor of local producers. Despite this growing role, fuel prices in Nigeria remain high, as a result of rising global oil prices and production costs.
Dangote pointed out that obtaining crude oil supplies at reasonable prices, especially in local currency, may contribute to lowering prices and improving market stability.
In this context, the Nigerian National Oil Company increased the quantities of crude allocated to the refinery, in an attempt to support its operations and enhance its ability to meet local and regional demand.
A strategic shift in the African market
The expansion of the Dangote refinery is seen as a strategic step towards enhancing energy security in Africa and reducing dependence on foreign imports. This development also reflects a broader trend towards building local industrial capabilities capable of confronting global shocks in energy markets.
In light of continuing international tensions, the refinery’s role in reshaping the fuel market on the continent is expected to increase during the next stage.
