The Dangote Refinery, is gearing up to export refined petroleum products to several African countries, including South Africa, Angola, and Namibia.
According to the PUNCH, reliable source confirmed that the refinery, with a capacity of 650,000 barrels per day, is in advanced negotiations with these countries to initiate fuel supply.
Additionally, Niger Republic, Chad, Burkina Faso, and the Central African Republic have expressed interest in importing fuel from the refinery.
While Ghana has already shown interest in sourcing petrol from the Lekki-based refinery, local marketers in Nigeria have raised concerns about the refinery’s pricing and market dominance.
The Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlets Owners Association of Nigeria have sought approval to import fuel to alleviate the burden on Nigerian consumers.
However, the Nigerian Midstream and Downstream Petroleum Regulatory Authority has clarified that individual marketers, not associations, must apply for import licenses.
The NMDPRA emphasized that the agency cannot approve licenses for associations but only for individual applicants.
PETROAN, while acknowledging Dangote’s aggressive market strategy, remains committed to importing high-quality fuel to provide relief to Nigerian consumers and challenge the perceived monopoly.
