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Downstream Oil Sector and the Dangote Factor


Business/Economy
The downstream end of Nigeria oil and gas industry has gone through various reforms these past two decades. The last, but on-going is the crude swap and its full support for the 20,000bpd refinery in Niger Republic; as the guaranteed off -taker. The objective is to assist with distribution of petrochemical products in the Northern region. If Nigerian government can play off taker for such a small refinery to boost importation of fuel and other products to the North, surely it can do same to the modular refineries springing up in different parts of the country. Most of all, at 650kbpd, the Dangote refinery is well placed to satisfy the petrochemical needs of the country, while the government prepares Nigeria’s four refineries for 2023. Chris Paul writes ....

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