Energy Markets
Nigeria's Dangote refining company to supply fuel directly to local traders
In August, the Dangote Oil Refinery is set to begin directly supplying fuels to retailers, manufacturers, telecoms companies, and other large consumers. This could increase supply, but also put it in direct competition against local fuel traders. Last year, Africa's largest refinery with a 650,000-bpd production capacity began to process gasoline for the local market and allowed local fuel dealers to lift products from their refinery. It now wants to be involved in distribution. In a Sunday statement, the refinery announced that it has purchased 4,000 new Compressed Natural Gas powered trucks and will be building over 100 CNG refueling...