Market News

• Owner says refinery operating at full capacity
• Exports to African neighbours helping cushion regional energy crisis
• Dangote seeks more naira-priced crude to reduce domestic fuel costs
• Refinery exported some 17 gasoline cargoes to African countries in March

LAGOS (Reuters) – Nigeria’s Dangote refinery, Africa’s largest, has increased exports of gasoline and urea to African countries hit by supply disruptions caused by the Iran war, its owner Aliko Dangote said on Monday.

Dangote said the refinery, which is operating at its maximum capacity of 650,000 barrels a day, had helped cushion the full impact of the crisis both in Nigeria and across the continent.

“What I can do is assure Nigerians … and most of West Africa, Central Africa, and East Africa, we have the capacity to supply them,” Dangote said during a tour of the refinery on the edge of commercial capital Lagos.