Dangote Refinery Crude Supply Doubles, But High Import Costs Squeeze Margins

The Dangote refinery, Africa's biggest, received 10 Nigerian crude cargoes in March, double from February, as Nigeria aims to secure enough fuel supply amid the global crude and refined product crunch as a result of the war in the Middle East. Dangote, the biggest refinery in Africa which began operations in 2024, has started exporting fuel to regions other than West Africa. The refinery started up in January 2024 with the launch of diesel and naphtha production and began producing gasoline in September 2024. Dangote's CEO David Bird told local…