The Major Energies Marketers Association of Nigeria (MEMAN) has highlighted the growing domestic refining capacity as a significant game-changer in Africa’s fuel supply landscape.
According to the association, facilities like the 650,000-barrel-per-day Dangote Petrochemical Refinery and the emerging Lomé Hub are reshaping the dynamics of fuel supply and trade in West Africa.
This position was shared during MEMAN’s monthly webinar, organized in collaboration with S&P Global Commodity Insights (Platts). The virtual session, which took place yesterday via Zoom, focused on how global geopolitics, regional refining projects, and evolving trade flows are influencing the refined products market in West Africa.
The event, themed “Market Fundamentals and Geopolitical Drivers”, featured expert discussions on gasoline and middle distillates pricing, the strategic significance of the Lomé offshore hub, and the potential impact of the newly operational Dangote Refinery on regional trade patterns.
Industry stakeholders agreed that the rising refining capacity could significantly reduce dependence on imported fuel while positioning West Africa as a competitive hub in the global energy market.
