8 African Countries Ready To Lift Fuel From Dangote Refinery
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At least eight countries in Africa are in queue in lift fuel from Dangote Refinery in Nigeria.
These include South Africa, Angola, and Namibia.
Punch reports that the management of the 650,000-barrel per-day capacity refinery is in advanced stages of talks with the countries to start lifting fuel.
It was gathered that four other African countries – Niger Republic, Chad, Burkina Faso and Central Africa Republic – had also started negotiation with the refinery.
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More countries were being expected to signify interest in lifting fuel from the refinery in the coming months.
Ghana was recently reported to have expressed interest in buying petrol from the $20bn Lekki-based refinery.
The Chairman of the National Petroleum Authority, Ghana, Mustapha Abdul-Hamid, said the arrangement with Dangote refinery would end his country’s monthly $400m fuel imports from Europe.
“I can confirm to you that talk is actually at advance stage with Ghana, Angola, Namibia and South Africa, while initial discussion is coming up with Niger, Chad, Burkina Faso and Central African Republic,” the source said.
When asked why marketers are insisting on not buying from Dangote despite the refinery’s capacity, the source said the dealers had hidden agenda.
“However, between now and January 2025, their plan would be exposed. Dangote refinery remains the hope of this country for a sustainable supply of petrol and the refinery has the capacity to serve the entire country,” the source added.
Meanwhile, local marketers have resolved to import fuel from outside the country.
The Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlets Owners Association of Nigeria last week insisted on fuel importation after accusing the Dangote refinery of selling fuel to Nigerians at an exorbitant price.
The marketers are awaiting the approvals of the Central Bank of Nigeria and the Nigerian Midstream and Downstream Petroleum Regulatory Authority to import cheaper petrol.
