Dangote Refinery is in discussions with eight African international locations – South Africa, Angola, Niger Republic, Chad, Burkina Faso and Central African Republic and Namibia – for gas provide offers. This improvement comes after Ghana indicated curiosity in buying gas from the refinery, with projections to avoid wasting $400 million month-to-month on pricey imports from Europe. The discussions had been described as being at a complicated stage and, if profitable, will see the Lagos-based refinery increase its attain throughout the African continent. In September, Dangote Group chairman Aliko Dangote said that the refinery will meet the demand for petrol, diesel, and different merchandise throughout Sub-Saharan Africa, pledging high-quality gas that aligns with international requirements. Nevertheless, pricing disputes with Nigerian petroleum entrepreneurs, who argue that the refinery’s petrol costs are excessive, have created challenges. Because the refinery reaches full capability and negotiates aggressive pricing, native entrepreneurs might discover incentives to shift towards home procurement.
SOURCE: BUSINESS INSIDER