According to experts, the Dangote refinery might end the decades-long gasoline trade from Europe to Africa, valued at $17 billion per year.
Two months ago, Nigeria 's beleaguered energy sector witnessed a very significant event the Dangote Oil Refinery began producing gasoline and selling it domestically to Nigeria 's state oil firm, Nigeria n National Petroleum Company
. For decades, Nigeria has been producing and exporting its crude which is then refined abroad. knew exactly how much money changed hands and who was involved in these 'oil swaps'. Dangote's new refinery should definitely be a boon for the country. Unfortunately, its arrival has coincided with developments completely out of his control. Since the 1970s, the
CEO Melee Kyari revealed that Nigeria is losing nearly all the oil output at oil hub Bonny, 'As you may be aware, because of the very unfortunate acts of vandals along our major pipelines from Atlas Cove all the way to Ibadan, and all others connecting all the 37 depots that we have across the country, none of them can take delivery of products today. The reason is very simple. For some of the lines, for instance, from Warri to Benin, we haven't operated for 15 years.
Dangote Fuel Fuel Imports Crude Oil
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