An under-construction storage tank at the Dangote site in 2019
Dangote mystery cannot be solved soon enough for Nigeria
The refinery project is well-advanced but is unlikely to be online in time to help alleviate a forecast gasoline supply squeeze this summer
The startup of the much-delayed 650,000bl/d Dangote refinery is critical to Nigeria’s energy and economic fortunes. The lack of a functioning refining sector means the country’s finances remain burdened by huge public expenditure on fuel imports and subsidies, particularly gasoline, much of which is sourced in Europe around the ARA refining hub. But the gap between optimistic official statements and downbeat analyst projections means continued uncertainty over the political and business elite’s trade-rebalancing hopes. Despite some bullish statements from the Nigerian government, the Dangote conglomerate has remained tight-lipped on the project’s progress. Most industry analysts are relative
Also in this section
11 February 2026
Panellists from three LNG buyers at LNG2026 in Doha outlined their evolving procurement strategies as they navigate heightened market volatility
11 February 2026
North African producer plans to boost output by early 2030, with Europe its number one priority as export destination
11 February 2026
Maritime leaders at LNG2026 warned of the dangers of over-regulation on competitiveness, sustainability and innovation
10 February 2026
The country has opened bidding on 50 blocks in a new licensing round but will face competition for attention and will need to address concerns about security and legislation
