Nigeria’s Dangote Refinery Balances Imports and Exports in Petrol Trade

Nigeria imported 78,000 barrels per day of petrol between April and August, according to Argus Media. The Dangote Petroleum Refinery exported some of its gasoline output during this period when favorable trading opportunities arose.

The Dangote refinery’s average output during the five-month period was 258,000 barrels per day, while Nigeria’s average petrol consumption reached 279,000 barrels per day.

Petrol imports into Nigeria totaled 78,000 barrels per day over the same timeframe, enabling the refinery to export a portion of its production.

Argus Media reported that September deliveries included 62,000 barrels per day of petrol as the largest share of the month’s output.