Tag: Oil Refinery
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๐ท๐บ๐ณ๐ฌ Dangote warns influx of Russian fuel threatens Africaโs refining industry
Nigerian billionaire Aliko Dangote has warned that heavily discounted Russian petroleum products are flooding African markets, threatening the continentโs emerging refining sector. Speaking at an oil conference in Abuja, Dangote said sanctions on Russian oil have pushed Moscow to offload fuel at steep discounts in Africa, often delivering substandard or toxic products that would be…
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Liberia’s $3 Billion Oil Refinery: A Game-Changer for West Africa
A New Era of Energy Independence Liberia, a West African nation with a history of political instability and economic challenges, is poised to embark on a transformative journey. The construction of a $3 billion oil refinery in the coastal city of Buchanan is set to revolutionize the country’s energy landscape and position it as a…
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Dangote refinery on track to begin gasoline production in September, industry monitor IIR Energy says
The $20 billion refinery, owned by Africa’s richest man, Aliko Dangote, has been undergoing test runs for gasoline production. While initial plans targeted July for gasoline deliveries, the project has experienced delays and the timeline has now shifted to mid-September. The massive 650,000-barrel-per-day refinery, located on the outskirts of Lagos, commenced operations in January after…
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Dangote Refinery says Nigeria must enforce crude supply for local refiners
The Dangote Oil Refinery has called on Nigeria’s upstream oil regulator to force producers to abide by a law that stipulates they supply local refineries, saying that lax enforcement was raising its operational costs. The 650,000-barrel-per-day capacity refinery, built by Africa’s richest man Aliko Dangote on the outskirts of Lagos for $20 billion, has struggled…
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