For decades, Nigeria exported crude oil, imported fuel and watched global refining hubs capture much of the value in between. Now, Africa’s richest industrialist wants to change that. Dangote Refinery plans to expand its crude processing flexibility from about 40 grades to as many as 130. The move forms part of a broader strategy to transform the Lagos facility into a global refining, trading and export hub. The refinery is preparing to more than double capacity to 1.4 million barrels per day while increasing imports of crude from international markets.…
How Dangote plans to transform Nigeria from an oil exporter into a global fuel powerhouse
