Dangote Refinery, owned by Africa’s richest man, Aliko Dangote, is assisting some African countries disrupted by fuel supply shortages due to Iran’s war by increasing exports of gasoline and urea.
Globally, most countries are struggling to purchase fuel as the Iran war continues, and Dangote has assured Africans that his refinery will supply enough Gas and urea.
Speaking on Monday, Dangote said that his refinery had assisted various countries across Africa.
“What I can do is assure Nigerians and most of West Africa, Central Africa, and East Africa that we have the capacity to supply them. In the last couple of days, we’ve been looking at mostly African countries, which we were not doing before,” stated Dangote.
He added that Dangote Refinery had exported 17 cargoes of gasoline to other African nations, and exports of urea fertiliser had also recently increased.
Dangote Refinery operates at its maximum capacity of 650,000 barrels a day, and many African countries are set to benefit from the supply as it has the capacity to produce up to 3 million metric tons of urea annually. Currently, countries such as Cameroon, Ghana, and Togo are benefiting from the export.
The Iran conflict has led to a hike in fuel prices in most countries, and Dangote indicated that his company expects to get more crude cargoes priced in local currency to help curb fuel costs.
Dangote Refinery is the largest supplier of urea and gasoline located in Nigeria, and it was officially inaugurated on 22 May 2023.
