Nigeria’s Dangote Petroleum Refinery is set to build large fuel storage tanks in Namibia’s Walvis Bay to hold at least 1.6 million barrels of gasoline and diesel.
The move marks a strategic step in Dangote’s ambition to dominate fuel supply across Africa, potentially reshaping regional energy trade flows and improving access to refined products in southern Africa.
The $20 billion refinery, which began operations in 2024, is the largest on the African continent, with a capacity to process 650,000 barrels of crude oil per day.
Ranked as having a higher capacity than the ten largest refineries in Europe, the refinery currently produces aviation fuel, diesel, gasoline, and naphtha.
While still ramping up to full capacity, the refinery is steadily increasing output and exploring new export markets. Its broader goal is to reduce Africa’s reliance on imported fuels and establish Nigeria as a key hub for refined petroleum products. Already, it has helped transform Nigeria into a net exporter of petroleum products.
The planned storage tanks in Namibia are expected to supply fuel to Botswana, Zambia, Zimbabwe, and Namibia, with possible expansion into the southern region of the Democratic Republic of Congo.
Source: Africabusinessinsider
