Audio By Carbonatix
Nigeria's Dangote Refinery is importing 4,000 natural-gas-powered trucks as part of plans to distribute refined products directly into the local market, the company said.
In June, the oil refinery said it will begin directly supplying fuel to retail stations, manufacturers, telecoms firms, and other large users in August, a move that could enhance supply but puts it in direct competition with local fuel traders.
Dangote's logistics expansion adds a new push to its market entry for its mammoth 650,000 barrels per day refinery, which is Africa's largest.
It said the trucks represent a 720 billion naira ($469.89 million) investment and that it will be rolled out on August 15.
Anthony Chiejina, Dangote Industries Limited's head of branding and communication, said the move will help the refinery cut logistics costs and improve supply directly to marketers.
Africa's top oil export has turned to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol that has seen pump prices rise sharply. But adoption is slow.
Latest Stories
-
How does a Ghanaian team make it to the BAL?
16 minutes -
Ghana’s investment climate presents opportunities for industrial growth, job creation.
17 minutes -
‘I paid thousands to a company for jobs that never came’
30 minutes -
SSNIT intensifies informal sector enrolment drive with Techiman float
54 minutes -
Ghana seeks long-term mining investments that benefit local communities – Armah-Kofi Buah
1 hour -
GHATOF demands compensation for 85 businesses affected by La Pleasure Beach demolition
1 hour -
Bono Regional Minister calls for investor education to drive economic growth
1 hour -
Ghana’s Ambassador to China, Kojo Bonsu, presents credentials to Nepalese President
1 hour -
Fairtrade Africa’s Cocoa Hubs Project strengthens rural service centres in cocoa-growing communities
1 hour -
MPs are not development officers – Edem Kpotosu
1 hour -
SEC cautions investors against fraudulent investment schemes
1 hour -
Land Ministry urges rCOMSDEP operators to reserve earnings for land reclamation
1 hour -
Commercial drivers give authorities one week to clear traders from lorry terminals, bus stops
1 hour -
Trump calls off livestream of Fort Hood attacker’s execution by firing squad
2 hours -
Nana B denies claims that Kojo Bamba was his driver and bodyguard
2 hours