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Nigeria's biggest refinery buys first million barrels of Algerian oil, aiming to cut import reliance.
The Dangote Refinery in Nigeria, Africa's largest, has purchased its first million barrels of Algeria's light sweet crude oil, scheduled to arrive by March 20.
This marks a step in the refinery's strategy to diversify its crude oil sources, as Europe's reduced demand has made the Algerian oil more competitively priced.
The refinery aims to reduce Nigeria's reliance on imported petroleum products by producing fuel locally.
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La refinería más grande de Nigeria compra el primer millón de barriles de petróleo argelino, con el objetivo de reducir la dependencia de las importaciones.