Nigeria achieves self-sufficiency in fuel production with Dangote Refinery commissioning.

1 min read
Source: Al Jazeera English
Nigeria achieves self-sufficiency in fuel production with Dangote Refinery commissioning.
Photo: Al Jazeera English
TL;DR

Nigeria has commissioned the Dangote Refinery, owned by Africa's richest man, with hopes of transforming the country into a net exporter of petroleum products. The refinery has a capacity of 650,000 barrels per day and plans to export surplus petrol, turning Africa's biggest oil producer into an export hub for petroleum products. However, analysts warn that securing crude supplies could delay achieving full production this year, as Nigeria's oil production has been declining due to oil theft, pipeline vandalism, and underinvestment.

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