shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Dangote Refinery To Power African Oil Demand Surge Over the Next Decade-Report 

Dangote Refinery To Power African Oil Demand Surge Over the Next Decade-Report 

by Joshua
November 2, 2023
in Oil and Gas

Dangote Refinery

In a promising forecast, the International Energy Agency (IEA) anticipates that the Dangote Refinery, boasting an impressive daily capacity of 650,000 barrels, is set to catalyze substantial growth in oil demand during the forthcoming decade. This projection holds immense significance for African nations, particularly those currently reliant on imported refined energy products.

 

This is according to the IEA’s October 2023 World Energy Outlook report.

 

A part of the Outlook stated, “African countries rely on imports of refined products, although a new 650 000 barrels per day refinery in Nigeria helps meet incremental oil product demand growth in the next decade.”

 

Note that currently, many African nations are dependent on imported refined products. However, the Dangote refinery has the potential to reshape this scenario.

 

In the IEA’s World Energy Outlook, it emphasised that Africa is currently producing approximately 7 million barrels of oil per day, with about 40 percent of it being exported.

 

Also, the Outlook underscored that oil production is expected to decline, primarily because there are limited new oil discoveries coming online that can counterbalance the decreases from existing producing fields.

 

This situation underscores the importance of efficient, local refining capacity like the Dangote refinery to meet the growing demand for oil products and reduce import dependence.

 

Meanwhile, the Dangote refinery, which was commissioned earlier this year, is yet to begin operations, according to sources familiar with the matter.

 

Despite Dangote Group Executive Director Devakumar Edwin’s earlier assurance in September 2023 that the refinery would commence diesel and aviation fuel production in October, there are now indications that these plans might not come to fruition as expected.

 

Sources with knowledge of the situation suggest that the refinery could potentially miss the deadlines set by Edwin, which included diesel and aviation fuel refining by October 2023 and petrol refining by November 2023.

 

The exact reasons for these potential delays have not been disclosed, leaving the situation shrouded in uncertainty.

 

At the time of this report, attempts to contact the management team at Dangote Refinery have proven unsuccessful.

 

This uncertainty raises questions about the refinery’s operational timeline and the factors contributing to any potential setbacks.

 

It also emphasises the challenges and complexities involved in establishing and commencing operations at such a significant industrial facility.

 

 


Related Posts

Nigeria’s Daily Crude Oil Production Drops To 937,766 bpd In September

Nigeria’s Crude Oil Export Revenue Drops by 17% to $6.68 Billion in First Two Months of 2025

June 1, 2025
President Tinubu Signs 6 IMO Instruments Of Accession

FG Rallies Stakeholders to Accelerate Nigeria’s Gas Revolution, Signs Agreement with Ten Equity Partners

June 1, 2025
The Return of Standards Organisation of Nigeria to the ports

SON Raises Concern Over Influx Of Adulterated Lubricants, Engine Oil

June 1, 2025
Tensions Rise as Bayelsa Host Communities Threaten Shutdown Over Security Contracts

Tensions Rise as Bayelsa Host Communities Threaten Shutdown Over Security Contracts

June 1, 2025

Latest News

Customs Intercepts Fuel Worth ₦58.36m

CRFFN in Crisis as 4 of 5 Accredited Associations Rebel — Declare POF Illegal After Court Bombshell

July 19, 2025

Nigerian Navy’s Maritime Institute Commences Executive Blue Economy Course for Media Leaders

NSML Bags Maritime Excellence Award, Reaffirms Focus on Training and Capacity Development

Alumni of Maritime Academy of Nigeria Appeal to President Tinubu to Protect Academy’s Unique Structure

NIMASA’s Campaign Against War Risk Premiums: Rhetoric Or Real Reform?

Customs Intercepts Fuel Worth ₦58.36m

E-Call-Up: Lagos, Stakeholders Agree On From Aug. 1 Take-off, N10,000 Fee

Customs CG Adeniyi Adopts Public School, Promises Sustained Support for Education, Health and Youth Development

Navy Hands Over 1,575 Kg Of Cannabis Sativa To NDLEA

Comptroller Oramalugo Launches Second Edition Of Book On Customs Administration In Nigeria

Troops Apprehend 42 Oil Thieves, Recover Stolen Products

Mariners Launch Waterside Centre in Lagos, Hold Symposium in Honour of Late Dr. Asoluka

kindly like our Facebook page

Health

The Usefulness Of Watermelon Seeds You May Not Know
Health

The Usefulness Of Watermelon Seeds You May Not Know

July 14, 2025

Watermelon is one fruit that’s hard to resist when it gets too hot. It’s sweet and is high in water...

KNOW YOUR BODY PARTS: THE HEART

KNOW YOUR BODY PARTS: THE HEART

June 30, 2025
Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

June 30, 2025
Contraceptive Pills Can’t Cause Cervical Cancer – Expert

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025
ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition