Dangote Refinery Commences Export of Fuel to West African Countries

In an indication to traders that the operations of the mega-refinery may soon disrupt regional fuel markets, the Dangote Petroleum Refinery has started exporting refined petroleum products to neighboring West African nations.
Bloomberg reported on Tuesday that a tanker had transported a shipment of gasoline from the Dangote Petroleum Refinery to waters off the coast of Togo, a neighboring West African nation. The report cited data from Vortexa, Kpler, Precise Intelligence, a port report, and a ship-tracking platform.
According to the report, a CL Jane Austen recently sailed west after loading over 300,000 barrels from Dangote.
Recall that Mustapha Abdul-Hamid, the chairman of the Ghana National Petroleum Authority, stated last month that the nation is thinking of purchasing petroleum products from the Dangote refinery in order to reduce the approximately $400 million it spends each month on more costly exports from Europe.
Speaking at the OTL Africa Downstream Oil Conference in Lagos, the chairman of NPA, Ghana, claimed that by eliminating freight costs, importing from Nigeria instead of Europe would lower the cost of other goods and services.
“If the refinery reaches 650,000bpd a day capacity, all that volume cannot be consumed by Nigeria alone, so instead of us importing as we do right now from Rotterdam, it will be much easier for us to import from Nigeria and I believe that will bring down our prices,” Hamid said.