Afrigather Amid the spat with Nigeria’s petroleum regulators, a brand new report has linked 10 international locations as prime locations for petroleum merchandise from the Dangote Refinery. The US, Spain, France, South Korea, Angola, Togo, Guinea, Belgium, Israel, and Singapore have been named as the ten importers of petroleum merchandise from the 650,000 bpd-capacity refinery…..CONTINUE READING THE ARTICLE FROM THE SOURCE
Dangote Refinery will get extra endorsements
The event comes as Nigerian college students lately endorsed the refinery as transformative for Africa’s largest oil producer.
The refinery has shipped merchandise at totally different instances to different international locations, together with gas oil, gasoline, jet gas, and Naphtha, attracting the a lot sought-after overseas alternate for Nigeria.
Angus Group, United Kingdom, disclosed that the $20 billion refinery has modified the trajectory of petroleum merchandise commerce flows between West Africa and different areas whereas creating multiplier results and job creation within the subregion.
Nigeria’s gas imports to drop
The group famous that because of the graduation of the refinery, Nigeria’s petrol imports have been forecasted to drop by 60% to 160,000 barrels per day by 2025 from 400,000 barrels in 2023.
Vanguard stories that the report mentioned that Nigeria would want to import 75,000 barrels in 2025 in comparison with 350,000 in 2023, stating that from 2026, the nation will start to import extra following anticipated inhabitants development and rising calls for.
Nigeria to export diesel, jet-kerosine
In accordance with the Angus Group report, Nigeria can be anticipated to export diesel and aviation gas from 2025, boosting the foreign exchange stream into the nation.
The report mentioned after years of ready, the Dangote refinery has been ramping up manufacturing since 2024, together with loading common refined product cargoes.
It mentioned the dimensions of refining operation will change world product commerce flows and require new value benchmarking options for the West African market.
It acknowledged that Nigeria will transfer from an nearly 400,000-barrel internet import place in 2023 to a 160,000 internet export place by 2025.
The event comes amid a dispute between Nigeria’s refinery administration and petroleum business regulators.
The Nigerian Midstream and Downstream Regulatory Authority (NMDPRA) accused the refinery of manufacturing inferior merchandise laced with excessive Sulphur, a declare the Dangote refinery has debunked.
The refinery disclosed that merchandise from the ability had been about 80% superior to imported ones, difficult the NMDPRA to samples for testing.
It additionally accused the Nigerian Nationwide Petroleum Firm Restricted (NNPCL) of supplying it with restricted crude oil, resulting in imports from international locations just like the US and Brazil.
