economy
March 31, 2026
Nigeria refinery could ease Europe fuel supply pressure
Nigeria’s Dangote refinery says it is ready to supply Europe with fuel as buyers seek alternatives amid market turmoil and Strait of Hormuz risks
TL;DR
- Dangote refinery in Nigeria is ready to expand fuel exports to Europe, including the Netherlands.
- The refinery has already exported 450,000 tons of fuel to 12 African states.
- European countries are seeking fuel supplies less exposed to disruption in the Strait of Hormuz.
- The Dangote refinery produces gasoline and diesel in equal measure.
- The refinery's capacity is 650,000 barrels per day, making it Africa's largest.
- Port of Rotterdam Authority noted the refinery's impressive scale but stated it's not enough to meet total European demand.
- Algeria has also agreed to increase gas and energy supplies to Spain amid market unsettledness.
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