Dangote Refinery Boosts Nigerian Exports
Seaborne petroleum product exports from Nigeria surged seven-fold since 2023 following increased output from the Dangote refinery. The facility boosted supplies to Europe and Africa while domestic imports declined.
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Seaborne petroleum product exports from Nigeria surged seven-fold to 350,000 barrels per day in the second quarter, the United States Energy Information Administration said on Monday. The expansion follows the ramp-up of the Dangote Petroleum Refinery, altering regional trade flows toward Europe and Africa. Output from the Lekki Free Zone facility has driven domestic self-sufficiency while cutting seaborne imports to less than 130,000 bpd from nearly 400,000 bpd in 2023.
