The Dangote Refinery and Petrochemical plant, with a capacity of 650,000 barrels per day, is preparing to begin fuel exports to South Africa, Angola, and Namibia.
Talks are well underway, with these countries expected to start lifting fuel soon, a reliable source disclosed.
In addition to these three nations, four more African countries; Niger Republic, Chad, Burkina Faso, and the Central African Republic are in discussions with the refinery to secure fuel supplies.
Reports suggest other nations may also join this growing list in the months to come.
Recently, Ghana indicated interest in purchasing fuel from the $20 billion refinery based in Lekki.
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Ghana’s National Petroleum Authority Chair, Mustapha Abdul-Hamid, noted that this deal could end Ghana’s reliance on monthly fuel imports of $400 million from Europe.
However, some Nigerian fuel marketers have raised concerns. Local fuel sellers, including the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), claim the Dangote refinery charges high prices for fuel in Nigeria.
In response, these marketers plan to import cheaper fuel and are seeking approvals from the Central Bank of Nigeria (CBN) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to support this move.
The NMDPRA, however, clarified that only individual marketers, not associations, can apply for fuel import licenses.
PETROAN spokesperson, Dr. Joseph Obele, expressed frustration, accusing Dangote of market control, saying, “You should know that Dangote is just out to close all the doors and windows so that no person enters the market. He is determined to ensure that nobody enters the market as a competitor. We assure Nigerians that as soon as the regulatory agency approves our authority to import, this price of PMS that is causing pain to Nigerians right now will crash to the barest minimum.”
