Audio By Carbonatix
Nigeria's Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 million barrels of gasoline and diesel to supply refined fuel to southern Africa, two sources told Reuters on Wednesday.
The move underscores the refinery's ambition to dominate fuel supply in Africa and beyond, potentially reshaping energy trade flows in the region and boosting access to refined products for southern African nations.
The 650,000 barrels per day refinery, built at a cost of $20 billion by Africa's richest man Aliko Dangote, started operations last year and has been ramping up production and seeking new markets.
The sources, who were briefed on the development, said the storage tanks would be used to supply gasoline and diesel to Botswana, Namibia, Zambia and Zimbabwe. Dangote was also considering supplying fuel to the southern Democratic Republic of Congo, the sources said.
A Dangote spokesperson did not respond to a request for comment. It was not immediately clear how much the project would cost, but the second source said construction of the storage tanks would begin shortly in the port city of Walvis Bay.
A Namibia Ports Authority official confirmed the plans and said the storage tanks would be housed within the Walvis Bay harbour.
A source said last month that a Dangote gasoline cargo was heading to Asia, the first time the refinery was selling gasoline outside the West Africa region.
Dangote refinery says at full capacity, the plant would produce enough to meet demand in Nigeria, which has sharply cut imports of processed fuels, and export the rest.
Latest Stories
-
Kofi Jumah reportedly hospitalised as GH¢55m bail conditions remain unmet
2 minutes -
‘Behind the Lens with Queen Liz’ explores concepts of heaven and jannah
11 minutes -
Quality Insurance marks 30 years with push for women-focused innovation, trust-building
16 minutes -
Ghana’s Ambassador to Libya commends CEO of Afro Arab Group
16 minutes -
Nkwanta crisis: Fresh gunfire sends residents fleeing; 26-year-old rider shot
17 minutes -
Two BECE candidates killed in motor crash en route to Exam in Upper West
17 minutes -
PSG, Manchester United lead race for FC Nordsjaelland star Prince Amoako Jnr
19 minutes -
Lawra MP urges BECE candidates to avoid malpractice, assures support
22 minutes -
Korle Bu laboratory scientists demand retraction from doctors over ‘false’ claims
38 minutes -
NHIA waives NHIS fees and waiting period under new ‘STORM’ initiative
41 minutes -
GTDC CEO Prof. Kobby Mensah named among top 12 global leaders shaping place branding
41 minutes -
Large accounting losses, but is the Bank of Ghana truly policy solvent?
43 minutes -
The Bank of Ghana is winning the inflation war, but who will pay the hospital bill?
48 minutes -
BECE candidates stranded as Nyankrom residents block roads over ‘death trap’ network
48 minutes -
Walking on One Leg of the Tripod: The IMF endgame in Ghana
49 minutes