Nigeria’s new Dangote oil refinery is considerably ramping up its gasoil exports to West Africa, a transfer that has seen it take market share from European refiners. The refinery’s determination to do that was pushed by the current manufacturing of lower-grade gasoil because it awaits the restart of models wanted for cleaner gas manufacturing. In Might, gasoil exports almost doubled to 100,000 barrels per day (bpd), primarily to West African international locations and one cargo to Spain. This shift has decreased EU and UK gasoil exports to West Africa to a four-year low. It additionally decreased Russian exports to an 8-month low. The refinery is ready to promote its low grade gasoil to the area because of the lax requirements surrounding the product. Nonetheless, it’s working assiduously in the direction of assembly extra stringent European requirements and just lately commissioned new gear in pursuit of that objective.
SOURCE: REUTERS