Dangote Refinery Begins Fuel Exports to African Nations as Global Prices Surge
LAGOS – Nigeria’s Dangote mega-refinery has commenced the export of refined petroleum products to other African countries, capitalizing on a sharp rise in global oil prices driven by ongoing conflict in the Middle East.
The development marks a significant shift for the continent’s largest oil producer, which has historically relied heavily on imported fuel.
Data from tanker-tracking firm Kpler released on Monday showed that Nigeria’s exports of clean petroleum products have more than doubled on a daily basis in March. Shipments are currently estimated at approximately 90,000 barrels per day.
In an announcement late Sunday, the Dangote Refinery—owned by Africa’s richest man, Aliko Dangote—confirmed it had sold 12 cargoes totaling 456,000 tons of fuel.
According to the company, the recipients of the initial exports include Côte d’Ivoire, Cameroon, Tanzania, Ghana, and Togo. The move is expected to bolster regional energy security and reduce the dependence of neighboring nations on refined products from outside the continent.
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