SEO Riders:
- – Refinery ramps up regional refined fuel retention, curbing Europe-bound exports
- – MEMAN highlights Dangote’s market impact, dynamic trading hub emergence in Lomé
- – S&P and MEMAN say policy clarity and stability needed to sustain downstream gains
At a recent webinar organized by MEMAN and S&P Global Commodity Insights, experts explored how the Dangote Petroleum Refinery, now operational near Lagos, is transforming fuel dynamics in West Africa. Despite this seismic shift, import dependence remains—but the direction of change is unmistakable.
According to Gary Clark from S&P, Dangote’s ramp-up has allowed Nigeria to retain much more gasoil domestically while exporting jet fuel, softening—but not eliminating—the need for imports. Fuel outages and maintenance at the refinery still influence the country’s importation levels and regional market volatility.
At the same event, MEMAN highlighted Lomé’s growing role as a flexible offshore trading hub distributing small-volume fuel shipments—helping mitigate supply constraints caused by underperforming refineries. Panelists emphasized that sustained downstream resilience will depend on policy clarity, transparent regulation, and investor confidence.
