The Nation Newspaper Dangote Refinery rallies West African markets
is significantly increasing its diesel exports to West Africa, thereby capturing market share from European refiners, according to traders and shipping data. The operations of the $20 billion refinery, located in the Lekki area of Lagos, according to a report by Reuters, has spiked competition in the sub regional market, leading to the EU, UK, and Russian diesel exports to West Africa hitting multi-year lows.
However, preliminary data for June indicated a sharp decline in gasoil volumes. Despite this, overall oil product exports, including fuel oil, naphtha, and jet fuel, remained relatively high at 225,000 bpd.
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