By Glorious Ogunleye
Dangote refinery has began the importation of petroleum products to other West Africa countries.
The CL Jane Austen had loaded more than 300,000 barrels from Dangote and transported it to west, according to data from Vortexa, Kpler, Precise Intelligence, a port report, It’s now floating off the coast of Lome, a popular area for ship-to-ship transfers. Last month, Nigeria ended its state-owned oil company’s monopoly on buying fuel from the plant for domestic use.
Meanwhile, the country continues to import fuel from Europe and the US, It’s also not certain where the CL Jane Austen’s cargo will ultimately end up. Although it’s off Togo, the area is often used for STS transfers, meaning the fuel could be taken elsewhere.
In an interview with the Ghana chief’s regulator Mustapha Abdul Hamid he said
“If the refinery reaches 650,000 bpd a day capacity, all that volume cannot be consumed by Nigeria alone, so instead of us importing as we do right now from Rotterdam, it will be much easier for us to import from Nigeria and I believe that will bring down our prices,” Hamid said.
