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OIL PRODUCTS: Nigeria’s Dangote Captures Local Gasoline Market Share: Platts

OIL PRODUCTS
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The 650k b/d Dangote refinery is now covering up to 60% of Nigeria’s gasoline demand and reducing its need for imported volumes, Platts said.

  • By January 2025, Nigeria’s gasoline imports dropped to an all-time low of 62k b/d, compared to an average of 200k b/d in 2024.
  • The refinery's key gasoline unit, the RFCC, started operating in September and is was at 85% utilisation by late January 2025,
  • This facilitates gasoline production of 200k b/d, covering the majority of Nigeria’s 350k b/d of gasoline demand.
  • The Dangote refinery's success has led to a significant reduction in imports, with European exporters feeling the effects.
  • However, the refinery faces challenges, including potential outages and logistical constraints.
  • Platts cautioned that local distribution bottlenecks and the complex operations of the RFCC unit still create challenges. The RFCC challenge is due to high operating and logistics costs associated with its design.
Screenshot 2025-02-21 110119
Source: S&P Global Commodity Insights
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The 650k b/d Dangote refinery is now covering up to 60% of Nigeria’s gasoline demand and reducing its need for imported volumes, Platts said.

  • By January 2025, Nigeria’s gasoline imports dropped to an all-time low of 62k b/d, compared to an average of 200k b/d in 2024.
  • The refinery's key gasoline unit, the RFCC, started operating in September and is was at 85% utilisation by late January 2025,
  • This facilitates gasoline production of 200k b/d, covering the majority of Nigeria’s 350k b/d of gasoline demand.
  • The Dangote refinery's success has led to a significant reduction in imports, with European exporters feeling the effects.
  • However, the refinery faces challenges, including potential outages and logistical constraints.
  • Platts cautioned that local distribution bottlenecks and the complex operations of the RFCC unit still create challenges. The RFCC challenge is due to high operating and logistics costs associated with its design.
Screenshot 2025-02-21 110119
Source: S&P Global Commodity Insights