|By Adejumo Adekunle –
The Dangote Petroleum Refinery has commenced exporting refined petroleum products to West African countries, marking a significant step in reshaping the region’s fuel markets. A report by Bloomberg revealed that a tanker, the CL Jane Austen, recently transported over 300,000 barrels of gasoline from the refinery to waters off the coast of Togo.
Ghana’s National Petroleum Authority Chairman, Mustapha Abdul-Hamid, previously noted that importing fuel from Dangote could save Ghana $400 million monthly by reducing reliance on European imports. “If the refinery reaches its 650,000 bpd capacity, Nigeria cannot consume all the output, making imports from Nigeria more cost-effective,” Abdul-Hamid explained.
In addition to Ghana, countries such as South Africa, Angola, Namibia, Niger, Chad, Burkina Faso, and the Central African Republic are in advanced talks to purchase petroleum products from the refinery.
The export signals the refinery’s growing capacity to deliver gasoline beyond Nigeria, with potential to significantly influence fuel prices in the region.