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The planned expansion of Dangote Petroleum Refinery by 7.7% to 700,000 barrels per day (bpd) is expected to further increase its dominance in the African market while reducing the market shares of foreign refineries. The refinery’s operations have already altered the previous flows of petroleum products, mainly from Europe and other markets to Nigeria and Africa.

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According to Olajide Jeremiah, Chief Executive Officer of (link unavailable), “The Dangote Petroleum Refinery has impacted the domestic and foreign markets around the world with the daily supply of more than 20 million litres in Nigeria and over 30 million litres across some African countries.” Jeremiah added, “We expect that the markets would be greatly impacted in Nigeria and abroad when the planned 700,000 bpd target is eventually completed.

The refinery’s production has freed up gasoline volumes in global markets, prompting the need for new destination markets and flow adjustments. This has led to declining petroleum product imports into Nigeria and affected Europe’s gasoline inventory levels. OPEC noted that the Dangote Refinery’s production and exports will likely weigh further on the European gasoline market.

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Mr. Chinedu Ukadike, Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), said, “Dangote Refinery has made tremendous impact. Petroleum product scarcity has been addressed and the market has become more dynamic than before.” Ukadike added that the increase in the capacity of the refinery would increase output, supply, and foreign exchange generation for Nigeria.

Another industry operator, who wished to remain anonymous, said, “Dangote Petroleum Refinery has been exporting petrol, diesel, and aviation fuel to various markets. The refinery is exporting petrol to countries like Cameroon, Ghana, Angola, and South Africa. Dangote Refinery is shipping diesel and jet fuel to European markets.” The operator added that much impact would be made with the planned expansion to 700,000 bpd.

The Dangote Refinery’s operations have also been noted by Professor Sylvester Akhaine, a Nigerian political scientist, who said, “Oil farms in Aberdeen, in Rotterdam, all of them are laying off workers because of Dangote’s intervention, which for me, is somebody that we ought to celebrate.” OPEC’s report also highlighted the refinery’s significant capacity, stating that it is 246,000 bpd more than Shell’s Pernis refinery in the Netherlands

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