Africa oil giants like Nigeria, Angola, and Algeria dey prepare to take advantage of the big wahala for Strait of Hormuz, as Saudi Aramco warn say every week the strait dey close, global oil market go lose 100 million barrels.
Saudi Aramco CEO Amin Nasser talk say the oil market don already lose more than 1 billion barrels because of the closure. Only small number of vessels fit pass through daily, and di market dey face di biggest energy supply shock for history.
Angola oil industry dey show resilience despite challenges. For March 2026, di country see small increase for exports, reaching 1,152,930 barrels per day, wey surpass im production of 1,021,633 BOPD. Key exporters include PETCO TRADING UK LIMITED and CHEVRON USA INC, while India Indian Oil Corporation account for 41% of global imports.
India Indian Oil Corporation recently buy 2 million barrels of crude for March delivery. Angola dey expand im refining capacity, with di newly completed 30,000 BPSD Cabinda Refinery wey go begin operations by Q2 2026, and di Lobito Refinery wey go add 200,000 bpd.
For di Angola Oil & Gas 2026 conference, di nation plan to attract $70 billion for investment and increase local content participation to 20% by 2027.
Nigeria oil sector dey undergo big transformation, driven by di Dangote Refinery wey get capacity of 650,000 barrels per day. By March 2026, Nigeria don become net exporter of petrol, with di refinery producing 57 million litres of petrol daily. Di refinery don also start exporting petroleum products to Togo, Niger, Ghana, and di UK.
Volza data show say Nigeria crude oil exports, especially under HSN Code 2709, reach 1,275 shipments between June 2024 and May 2025, with top buyers including Singapore, China, and Turkey. Shell International Trading Midd and ADDAX ENERGY SA be among di top exporters.
Algeria dey strengthen im position as leading oil exporter, with state-owned Sonatrach overseeing five key refineries: Skikda, Arzew, Algiers, Adrar, and Hassi Messaoud, wey collectively fit process around 30 million tonnes of oil per year.
Volza Crude Oil, Algerian Import Analytics show say 26,751 verified buyers worldwide import shipments from 22,774 global suppliers between July 2024 and June 2025. Key exporters include PUBLIC COMPANY ORLEN LIETUVA MAZEIKIU, Cargill Palm Products Sdn Bhd, and VITOL SAPLACE DES BERGUES. Top importers be Ukraine, Poland, and China.
Algeria don secure $1 billion deal to expand di Hassi Bir Rekaiz oilfield, wey go increase production by 31,500 bpd.
Di disruption for Strait of Hormuz don expose import-dependent African economies to higher fuel costs and supply uncertainty. But di Hormuz Effect don teach valuable lessons for oil exporters like Nigeria, Angola, and Algeria, and import-dependent nations like Kenya, Ghana, Uganda, and South Africa. Dem don learn di importance of enhancing energy security through diversification, refining capacity, and better infrastructure management.
JPMorgan head of commodities research Natasha Kaneva say di real concern be whether gasoline, diesel, and jet fuel go continue to increase or face shortages, because of refining constraints. S&P Global also say rising refined product prices fit lead to decline for global demand, with di pace of demand decline wey fit be twice as fast as during di weakest quarters of di 2007–2009 economic downturn.
Carole Nakhle, CEO of Crystol Energy, talk say we dey already see changes for demand side, and we dey enter new normal.
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