Dangote and other African refineries need 1.7m bpd of crude oil
As di push from fossil fuels still dey go on for di developed countries wey get small buyers for Nigeria and other African crude, indications show say Dangote Refinery and about ten others across Africa from next year, fit provide immediate market for African crude oil.
About 11 refineries wey go come on stream from next year, go take over 1.7 million barrels per day of crude oil from di global market.
This update come as di price of crude oil increase yesterday. China still dey open up after COVID-19. Russia sef give hint on production cut despite di winter storm across North America.
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Di 1.7 million bpd wey refineries dey expected to consume for di continent fit be game changer in terms of foreign exchange crisis, stability of di continent economy, energy security, and value addition.
But di ability of countries like Nigeria to pump crude oil wey go meet demand still be critical concern.
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