Nigeria’s fuel trade has undergone a dramatic reversal since the arrival of the Dangote refinery, with petroleum product exports surging more than seven-fold while seaborne imports have fallen to less than a third of their 2023 level.
Browsing: Refinery
East Africa, a region that has been working to deepen economic integration for more than 25 years, has a history of disagreements about the location of energy infrastructure. Uganda discovered oil in 2006 with the potential to pump an estimated 210,000 to 230,000 barrels of oil per day at peak production. Back in 2014, Kenya…
Africa’s richest man, Aliko Dangote, says his organization is getting closer to breaking ground on the planned oil refinery in Kenya, indicating that the long-awaited project might soon move from planning to building.
Africa’s largest stock exchange is positioning itself to host a secondary listing of Dangote Petroleum Refinery, as interest grows across the continent ahead of what could become one of Africa’s biggest initial public offerings.
Dangote Petroleum Refinery has transitioned back to pricing its premium motor spirit in naira to prevent artificial supply shortages caused by fuel importers withholding product to drive up prices.
