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flag Africa aims to boost oil refining capacity by 1.2 million barrels daily by 2030, led by Nigeria.

flag Africa is set to boost its oil refining capacity by 1.2 million barrels per day by 2030, with Nigeria leading the expansion after the Dangote Refinery began operations in 2024. flag This growth, supported by new refineries in Angola and Uganda, aims to reduce regional reliance on fuel imports and attract over $100 billion in investment. flag Experts suggest a diverse refining ecosystem is crucial for long-term benefits and energy sovereignty. flag The rapid expansion could see Nigeria becoming a net exporter of gasoline, but analysts warn of potential disruptions from maintenance shutdowns.

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