The Dangote Refinery is set to begin exporting fuel to South Africa, Angola, and Namibia, with talks advancing for agreements with these and other African countries, including Ghana.
The other countries are Niger Republic, Chad, Burkina Faso and Central Africa Republic.
According to a PUNCH report, the Chairman of the National Petroleum Authority, Ghana, Mustapha Abdul-Hamid, said the arrangement with Dangote refinery would end his country’s monthly $400m fuel imports from Europe.
“I can confirm to you that talk is actually at advance stage with Ghana, Angola, Namibia and South Africa, while initial discussion is coming up with Niger, Chad, Burkina Faso and Central African Republic,” the national daily quoted a source.
Local Nigerian marketers, however, are pushing for the ability to import fuel to address high prices domestically.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) accuses Dangote of attempting to monopolize the market, while regulatory bodies clarify that fuel import licenses must be obtained individually, not as associations.
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