After several false starts in developing domestic refining capacity, the African continent is now home to one of the world's largest refineries. But while Nigeria's Dangote refinery was expected to meet domestic fuel demand, distribution costs and affordability issues have driven it to export markets.
With new projects soon to come on stream in Angola, Congo, Ghana and elsewhere, Francesco Di Salvo, Matthew Tracey-Cook and Kelly Norways discuss on the latest Oil Markets podcast episode the prospects for African refiners to meet the region's growing demand for oil, amid competitive start-ups in the Middle East and decarbonisation initiatives abroad.
Links: Gasoline Prem Unleaded 10ppmS FOB AR Barge - PGABM00 Gasoline CIF West Africa Cargo $/mt - AGNWC00 Nigeria's Dangote refinery to export first gasoline as local market struggles (subscriber content) Africa's refining resurgence on course despite margin risk (subscriber content)