No be small matter o! As Europe and North America dey shutdown their refineries, na so Dangote refinery for Naija don start to shine like big star. According to Kpler, dem report say this shutdown don tight global fuel market, and now Dangote refinery don get power to shape wetin dey happen for refined product balance.
Dem talk say about 900,000 bpd capacity for West of Suez don vanish permanently. E mean say fuel supply don dey scarce, and the small refinery wey dey remain now na the big boys wey go hold the fort. Na so Europe don enter 2026 as the market don change, with Dangote and one other refinery wey dey called Dos Bocas dey try stabilize supply.
But no be say dangote don carry the weight well-well yet, e dey face some palava wey make am underdeliver. Despite all di promises, dem still get some mechanical wahala for di conversion unit wey dey cap utilization to around 60-65%. So wetin be the implication? E mean say the refinery never fit perform as e suppose dey do. And as Europe don run commot from di refining game, na so Dangote performance dey more important than wetin any one fit imagine.
Kpler don predict say if Dangote fit solve him issues and ramp up operation well, e fit add as much as 300,000 bpd of gasoline, 150,000 bpd of gasoil, and 140,000 bpd of jet fuel to di market. Dis one go really help ease di tightness wey shutdown dey cause all over di world.
Last year, Alhaji Aliko Dangote don announce say dem go upgrade di refinery to 1.4 mbpd, wey go make am di largest for di world. Dem say di Managing Director, David Bird, don talk say expansion fit finish in three years. Dem don ready supply 50 million litres of petrol for market so peeps no go dey hustle too much for fuel.
Dem also talk say Engineers India Limited go lead di expansion work, wey go cost over $350m. Dem don sign contract to be Project Management Consultant. Na big tori this o! As fuel market dey tight, na only time go tell if Dangote go fit rise to di occasion!
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