economy

April 8, 2026

Dangote refinery boosts fuel exports as Africa grapples with supply crunch

Nigeria’s Dangote refinery has increased fuel and urea exports as the US-Israel war with Iran disrupts supply and raises costs across Africa

Dangote refinery boosts fuel exports as Africa grapples with supply crunch

TL;DR

  • Dangote refinery is increasing fuel and fertilizer exports to African markets.
  • The move is a response to supply disruptions and rising import costs caused by the US-Israeli war on Iran.
  • The refinery is operating at its maximum capacity of 650,000 barrels per day.
  • 17 cargoes of gasoline have already been shipped across the continent.
  • Urea exports are being redirected to African markets, with potential for European sales.
  • Fuel prices in Nigeria are at record highs despite maximum output.
  • The refinery owner desires crude oil priced in local currency to lower costs.
  • The Middle East conflict is disrupting global shipping routes.
  • Afreximbank has approved a $10 billion program to help economies absorb the crisis impact.

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