Dangote Refinery Crude Supply Doubles, But High Import Costs Squeeze Margins

AI Briefing

• – Dangote refinery receives double the Nigerian crude cargoes in March compared to February, amid global crude and refined product shortages.
• – Refinery starts exporting fuel to regions beyond West Africa, begins producing gasoline in September 2024.
• – Dangote's CEO says the refinery is working to secure fuel supply for Nigeria amid the global crisis.