(3 Minutes Read)
The move underscores the refinery’s ambition to dominate fuel supply in Africa and beyond, potentially reshaping energy trade flows in the region and boosting access to refined products for Southern African nations.
Dangote to build 1.6 m barrel tank in Namibia to supply fuel to Botswana, Zambia, Zimbabwe, and Namibia
Nigeria’s Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 million barrels of petrol and diesel to supply refined fuel to Southern Africa, two sources told Reuters on Wednesday.
The move underscores the refinery’s ambition to dominate fuel supply in Africa and beyond, potentially reshaping energy trade flows in the region and boosting access to refined products for Southern African nations.
The 650,000 barrels per day refinery, built at a cost of US$20 billion by Africa’s richest man, Aliko Dangote, started operations last year and has been ramping up production and seeking new markets.
Read Also:
The storage tanks would be used to supply petrol and diesel to Botswana, Namibia, Zambia, and Zimbabwe. Dangote was also considering supplying fuel to the Southern Democratic Republic of Congo, the sources said.
