- The Dangote Petroleum Refinery has begun exporting gasoline to Togo, with plans to expand to South Africa, Angola, and Namibia according to reports
- Ghana disclosed considering sourcing petroleum from Dangote to reduce its $400 million monthly spending on European imports
- Advanced negotiations with four African countries suggested a wider regional impact
The Dangote Petroleum Refinery has started exporting refined petroleum products to neighbouring West African countries, signalling to traders that its operations could soon disrupt regional fuel markets.
According to a Bloomberg report released Tuesday, November 21 which referenced data from Vortexa, Kpler, Precise Intelligence, a port report, and a ship-tracking platform, a tanker has delivered a gasoline shipment from the Dangote Petroleum Refinery to the waters near Togo, a neighbouring West African country.
Ghana's NPA Chairman pushes for fuel imports from Dangote
According to the report, the CL Jane Austen recently took on more than 300,000 barrels from Dangote and set sail to the west.
Recall that the chairman of the Ghana National Petroleum Authority, Mustapha Abdul-Hamid, revealed that Ghana is considering sourcing petroleum products from the Dangote refinery to cut down on its monthly $400 million spending on costly European imports.
During his speech at the OTL Africa Downstream Oil Conference in Lagos, the chairman of Ghana's NPA pointed out that sourcing petroleum from Nigeria instead of Europe would reduce the prices of goods and services by eliminating freight charges.
Dangote refinery in advanced talks to export fuel to Ghana, others
Hamid said, “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.”
Similarly, the refinery was also reportedly set to begin exporting fuel to South Africa, Angola, and Namibia. Additionally, negotiations were ongoing with four other African countries: Niger, Chad, Burkina Faso, and the Central African Republic.
According to the report from The PUNCH, a reliable source revealed that the management of the 650,000bpd refinery is close to finalising negotiations with the countries to commence fuel shipments.
Dangote refinery's first shipment floats off the coast of Lome
The source said, “I can confirm to you that talks are actually at the advanced stage with Ghana, Angola, Namibia, and South Africa, while the initial discussion is coming up with Niger, Chad, Burkina Faso, and the Central African Republic.”
The report further mentioned that the petroleum product shipment is now floating off the coast of Lome, a well-known hub for ship-to-ship transfers.
“While the shipment is tiny in the context of the global gasoline market, it signals the ramp-up of Dangote’s production and the potential to export significant volumes of gasoline beyond Nigeria, which could upend regional markets.”
Dangote Group defends PMS pricing, fuel quality
Meanwhile, TheRadar earlier reported that Dangote Group discussed its commitment to high-quality and affordable Premium Motor Spirit (PMS).
The group warned that cheaper imported petrol posed risks to consumers and vehicles.