Close Menu
Chronicle NG
    Trending Stories
    US President Donald Trump speaks during an interview, defending his stance on Iran and discussing his relationship with Israeli Prime Minister Benjamin Netanyahu.

    Trump: Israel wouldn’t exist today without my intervention

    June 9, 2026
    EFCC arraigns Blessing CEO over N36m fraud

    EFCC arraigns Blessing CEO over fresh N69.1m fraud

    June 9, 2026
    Okpebholo

    Okpebholo accuses opposition of sponsoring terrorism

    June 9, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Trump: Israel wouldn’t exist today without my intervention
    • EFCC arraigns Blessing CEO over fresh N69.1m fraud
    • Okpebholo accuses opposition of sponsoring terrorism
    • IED explosion kills one, injures many on Zamfara road
    • Nigerians repatriated from South Africa to arrive Thursday
    • Obi tells Tinubu to ‘explain whereabouts of undeployed funds’
    • BREAKING: Personal assistant linked to Adelabu family abduction case
    • Jota’s widow urges Robertson to carry late husband’s World Cup dream
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Wednesday, June 10
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    African Nations turn to Dangote Refinery for fuel supply

    Opalim LiftedBy Opalim LiftedMarch 22, 2026No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Dangote Refinery cuts diesel price by N200/ltr as fuel imports resume
    Dangote refinery truck
    Facebook Twitter WhatsApp

    African countries are increasingly turning to the Dangote Refinery as fuel shortages deepen following supply disruptions linked to tensions in the Middle East.

    A new report by Bloomberg reveals that countries including Ghana, South Africa and Kenya are exploring petroleum imports from the Lagos-based facility owned by Aliko Dangote.

    The shift comes as many African nations struggle with reduced fuel supplies traditionally sourced from large refineries in the Persian Gulf, now affected by ongoing regional conflict.

    According to the report, the 650,000 barrels-per-day refinery — one of the largest in the world — has become a critical alternative supplier. The $20 billion project, which began operations in 2024 after years of delays and cost overruns, is still ramping up production.

    The development marks a major turning point for Nigeria, ending its long-standing reliance on exporting crude oil for refining abroad and re-importing finished products at higher costs.

    Despite rising regional demand, a significant portion of the refinery’s output will still be consumed domestically. Bloomberg estimates that about three-quarters of production will serve Nigeria’s internal fuel needs, leaving limited volumes available for export.

    • Dangote refinery hikes petrol price to N1,175/litre

    Nevertheless, interest from across the continent continues to grow. Sources say several African governments and companies have already signalled intentions to secure supply agreements with the refinery.

    However, the report cautions that the Dangote refinery alone cannot fully bridge Africa’s fuel supply gap. Many countries also lack sufficient strategic reserves to cushion prolonged shortages.

    Some nations are already taking precautionary measures. For instance, Ethiopia has urged citizens to conserve fuel while prioritising public transport, and South African firms are preparing contingency plans to sustain operations.

    Analysts say the scramble for fuel could significantly boost Dangote’s revenues, positioning the refinery as a key player in Africa’s energy security landscape.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    US President Donald Trump speaks during an interview, defending his stance on Iran and discussing his relationship with Israeli Prime Minister Benjamin Netanyahu.

    Trump: Israel wouldn’t exist today without my intervention

    EFCC arraigns Blessing CEO over N36m fraud

    EFCC arraigns Blessing CEO over fresh N69.1m fraud

    Okpebholo

    Okpebholo accuses opposition of sponsoring terrorism

    IED explosion kills one, injures many on Zamfara road

    IED explosion kills one, injures many on Zamfara road

    320 Nigerians are expected to land in Lagos on Wednesday from South Africa evacuates

    Nigerians repatriated from South Africa to arrive Thursday

    Peter Obi speaking during a political event while criticising President Bola Tinubu’s UK state visit.

    Obi tells Tinubu to ‘explain whereabouts of undeployed funds’

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    US President Donald Trump speaks during an interview, defending his stance on Iran and discussing his relationship with Israeli Prime Minister Benjamin Netanyahu.

    Trump: Israel wouldn’t exist today without my intervention

    June 9, 2026
    EFCC arraigns Blessing CEO over N36m fraud

    EFCC arraigns Blessing CEO over fresh N69.1m fraud

    June 9, 2026
    Okpebholo

    Okpebholo accuses opposition of sponsoring terrorism

    June 9, 2026
    IED explosion kills one, injures many on Zamfara road

    IED explosion kills one, injures many on Zamfara road

    June 9, 2026
    320 Nigerians are expected to land in Lagos on Wednesday from South Africa evacuates

    Nigerians repatriated from South Africa to arrive Thursday

    June 9, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.