Abuja – Aliko Dangote owns Nigeria’s Dangote Refinery. It is Africa’s largest refinery. On Monday, he stated the refinery increased its exports. These exports included gasoline and urea fertilizer. They went to African nations. These nations were affected by supply disruptions. Disruptions resulted from the war on Iran.
Dangote explained the refinery operates at a maximum capacity. This capacity is 650,000 barrels per day. It has effectively mitigated the full impact of the crisis. This applies to Nigeria and the rest of the African continent.
Dangote toured the refinery. It is located on the outskirts of Lagos, the commercial capital. He said, “I can reassure Nigerians.” He also reassured most West, Central, and East African countries. “We have the capacity to provide them with supplies.”
He added that the facility shipped approximately 17 gasoline consignments. These went to other African countries. Urea fertilizer exports have recently increased. Buyers are seeking alternative supply sources.
He noted a special focus in recent days. This focus was on meeting the needs of African nations. This was not a common practice before. He did not disclose specific shipment figures.
The refinery’s production capacity for urea is about three million tons annually. Most of this is usually exported. Exports typically go to the United States and South America.
Meanwhile, industry data showed record fuel prices in Nigeria. The Dangote Refinery’s maximum output could not offset rising crude oil prices.
Dangote concluded by saying the refinery hopes for more crude oil shipments. These shipments should be priced in local currency. This would help control fuel costs within the country.