en.Wedoany.com Reported - Nigeria's Dangote Petroleum Refinery has increased its crude oil processing capacity to 700,000 barrels per day during a performance test conducted by its process licensor, surpassing its nameplate capacity of 650,000 barrels per day. Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries, said on Thursday that this is part of a broader plan to expand the facility's capacity to 1.4 million barrels per day within 30 months, potentially making it one of the world's largest refineries.

Owned by billionaire Aliko Dangote, the refinery began fuel production in 2024 and has since gradually ramped up output of gasoline, diesel, and aviation fuel. Its products supply Nigeria's domestic market and are exported to African countries, as well as to the United Kingdom, France, and the Netherlands in Europe, along with shipments to the United States and Saudi Arabia.

Amid global supply disruptions caused by tensions in the Middle East and African buyers seeking more reliable sources, the Dangote refinery has emerged as a key supplier. According to data from analytics firm Kpler, exports rose from 168,000 barrels per day in February to 353,000 barrels per day in April, with about half flowing to other African countries. This growth marks a significant expansion for Africa's largest refinery and signals its rise as a regional supplier. However, analysts caution that it is too early to assess whether this trend represents a lasting shift, especially as exports fell back to 285,000 barrels per day in May.

Mick Strautmann, a market analyst at Vortexa, said a clear shift toward regional resources is being observed, with Dangote's share of Africa's seaborne fuel imports steadily increasing. CEO David Bird said on Tuesday that as rising output attracts growing attention from international crude suppliers and commodity trading firms, the refinery has accumulated a large surplus of aviation fuel inventory and can supply global markets.

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