https://en.sputniknews.africa/20241029/ghana-looks-to-nigerias-dangote-refinery-for-fuel-imports-1068932224.html
Ghana Looks to Nigeria's Dangote Refinery for Fuel Imports
Ghana Looks to Nigeria's Dangote Refinery for Fuel Imports
Sputnik Africa
Owned by Nigerian billionaire Aliko Dangote and inaugurated on May 22, 2023, in Lekki, Nigeria, the Dangote Petroleum Refinery is expected to be operating at... 29.10.2024, Sputnik Africa
2024-10-29T14:59+0100
2024-10-29T14:59+0100
2024-10-29T15:06+0100
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Importing petroleum products from Nigeria's newly operational Dangote Refinery, Africa's largest, is a way to reduce reliance on more expensive European imports, according to the chairman of Ghana's National Petroleum Authority.Speaking at the OTL Africa Downstream oil conference in Lagos, Nigeria, on Monday, Mustapha Abdul-Hamid said the move could potentially eliminate Ghana's current $400 million monthly fuel imports from Europe.The $20 billion Dangote refinery, located in Lekki, Legos, began releasing petrol into the Nigerian market in September.Hamid emphasized that importing from Nigeria instead of Europe would reduce the cost of goods and services in Ghana by eliminating freight costs. He also expressed hope that African countries would eventually adopt a common currency, further reducing reliance on the US dollar.
https://en.sputniknews.africa/20241024/nigerias-dangote-refinery-starts-local-currency-crude-oil-sales-media-say-1068855138.html
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Ghana Looks to Nigeria's Dangote Refinery for Fuel Imports
14:59 29.10.2024 (Updated: 15:06 29.10.2024) Muhammad Nooh Osman
Writer/Editor
Owned by Nigerian billionaire Aliko Dangote and inaugurated on May 22, 2023, in Lekki, Nigeria, the Dangote Petroleum Refinery is expected to be operating at near full capacity by the end of the year, with full operating capacity planned for the first quarter of 2025.
Importing petroleum products from Nigeria's newly operational
Dangote Refinery, Africa's largest, is a way to reduce reliance on more expensive European imports, according to the chairman of Ghana's National Petroleum Authority.
Speaking at the OTL Africa Downstream oil conference in Lagos, Nigeria, on Monday, Mustapha Abdul-Hamid said the move could potentially eliminate Ghana's current $400 million monthly
fuel imports from Europe.
"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," Hamid explained.
The $20 billion Dangote refinery, located in Lekki, Legos, began releasing petrol into the Nigerian market in September.
Hamid emphasized that
importing from Nigeria instead of Europe would reduce the cost of goods and services in Ghana by eliminating freight costs. He also expressed hope that African countries would eventually adopt a common currency, further reducing reliance on the US dollar.
