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Dangote Oil Refinery threatens European gasoline trade
Dangote Oil Refinery, with a production capacity of 650,000 barrels per day, is poised to disrupt the $17 billion annual gasoline trade from Europe to Africa. As the largest refinery in Africa, Dangote’s entry into the market could put pressure on European refineries already facing closure due to increased competition. This development marks a significant milestone in Nigeria’s quest for energy independence, as the country currently imports most of its fuel due to a lack of refining capacity. Europe’s gasoline exports to West Africa, particularly Nigeria, accounted for about a third of the region’s total ... (full story)