Nigeria leads Africa in oil refineries, aiming to cut fuel imports and boost energy self-sufficiency.

Nigeria leads Africa in the number of oil refineries, aiming to reduce fuel imports and achieve energy self-sufficiency. Despite having a production capacity of 7.2 million barrels per day, Africa imports most of its refined products, costing billions annually. The Dangote Refinery, set to process 650,000 barrels daily, could be transformative. Angola is also poised to become a major refining hub by 2030. Improving refining capacity can cut import costs, boost industrial growth, and enhance energy security across the continent.

December 01, 2024
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