LAGOS, July 21 – Dangote Refinery Seeks Crude from Libya and Angola Amid Domestic Supply IssuesThank you for reading this post, don't forget to subscribe! Nigeria’s Dangote refinery is negotiating with Libya and Angola to secure crude oil for its 650,000 barrels per day (bpd) plant, aiming to overcome domestic supply challenges, a senior executive revealed. Built by Africa’s richest man, Aliko Dangote, the $20 billion refinery on the outskirts of Lagos is Africa’s largest and aims to end Nigeria’s reliance on imported fuels. “We are talking to Libya about importing crude,” said Devakumar Edwin, a senior executive at Dangote refinery. Traders and shipping data indicate that Dangote is increasing gasoil exports to West Africa, capturing market share from European refiners.

Source: Libya Today July 21, 2024 13:36 UTC