Will the Dangote refinery solve Nigeria's oil issues? – DW – 10

Oct. 6, 2024 - DW (English)

So when the new oil refinery built by Aliko Dangote, Africa's second-richest person, went online in January, Nigerians were hopeful. It's not enough to feed Dangote refinery for instance, which is what we are talking about right now," said energy expert Omono Okonkwo.

Not enough local crude oilThe $20-billion Dangote project is designed to process 650,000 barrels of Nigerian crude oil per day. But because it battled to secure enough crude oil locally, it is having to rely on purchases from outside of the country.

Controversy over pricingThe Dangote refinery isn't making sales to oil marketing companies within Nigeria...