Dangote Refinery

Dangote Refinery begins exports of petrol to Ghana, other West African nations

Dangote Refinery is said to have begun exporting petroleum products as it’s tankers stream out to West African countries.

Specifically, a tanker was seen transporting petrol from Nigeria’s new Dangote plant to waters off Togo, a sign that the mega-refinery’s operations could soon potentially shake up regional fuel markets.

The CL Jane Austen is said to have loaded more than 300,000 barrels from Dangote and sailed west, according to data from Vortexa, Kpler, Precise Intelligence, a port report, and ship-tracking data compiled by Bloomberg.

It’s now floating off the coast of Lome, a popular area for ship-to-ship transfers.

The shipment may be considered as tiny in the context of the global fuel market, however, it signals the ramp-up of Dangote’s production and the potential to export significant volumes of petrol beyond Nigeria, which could upend regional markets.

The refinery last month shipped its first seaborne petrol cargo to the nearby commercial hub of Lagos.

Earlier reports said about eight African countries, including Ghana, Benin Republic, Togo and South Africa are likely to purchase petroleum products from the 650,000 bdp refinery.

 

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