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Nigeria’s Dangote refinery starts production after years of delays

Nigeria’s Dangote refinery starts production after years of delays

NIGERIA'S Dangote oil refinery has begun producing diesel and aviation fuel, the company said, after years of construction delays at the 650,000 barrel per day (bpd) plant. The refinery, Africa's largest, was built on a peninsula on the outskirts of the commercial capital Lagos at a cost of $20 billion by the continent's richest man Aliko Dangote. Although Nigeria is Africa's top energy producer, it has relied on imports for most of the fuel it consumes. The Dangote refinery is expected to not only make it self-sufficient but also allow it to export fuel to neighbouring West African countries, potentially…
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Exclusive: Belgium drafting new fuel quality law targeting exports to Africa

Exclusive: Belgium drafting new fuel quality law targeting exports to Africa

BELGIUM is set to shut the door on rising exports of low-quality gasoline and diesel to West Africa as it follows the Netherlands in tightening environmental rules, officials have told Reuters. The Amsterdam-Rotterdam-Antwerp (ARA) hub is the world's leading gasoline exporting region, LSEG data shows, and hosts some of Europe's largest oil refineries including plants operated by TotalEnergies and Exxon Mobil. After the Netherlands introduced legislation in April to tighten the specification for its road fuel exports, Belgium's environment and energy ministries are now planning to introduce their own draft rules to tighten the quality of exported fuels. That would further reduce northern…
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Nigerian businesses turn to solar as diesel costs bite

Nigerian businesses turn to solar as diesel costs bite

MACDONALD DZIRUTWE NIGERIA'S solar companies are seeing a surge in demand for mini-grids and equipment as businesses in Africa's biggest oil producer look for alternative power sources after the cost of diesel soared locally due to rising global oil prices. Supply constraints could, however, hamper their ability to capitalize on the trend, with some saying they have begun to turn away customers because they are unable to meet demand. Nigeria, Africa's largest economy with a population of more than 200 million people, has installed electricity capacity of 12,500 megawatts but the national grid only provides 4,000 MW at peak, leaving…
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