Business

Ghana, others to patronise Dangote’s refinery

Petroleum importing African nations and major oil distributors based in Ghana have expressed readiness to patronise the Dangote Oil Refinery Nigerian plant when production starts.

The oil buyers hinted that arrangements had been put in place to import petroleum products from the world’s largest single-train refinery, situated in Lekki, Lagos State and owned by the foremost industrialist, Aliko Dangote.

Hints of the eager expectation and hopes on the Dangote Refinery were revealed at this year’s Ghanaian International Petroleum Conference (Ghipcon 2018), which was held in Accra, Ghana.

According to a statement by the Dangote group, participants at the conference as well as oil distributors and marketers from various countries were eager to know how they could key in for supplies from the 650,000-barrel-per-day refinery.

Also, the Ghanaian government expressed the view that dealing with Dangote refinery for petroleum import would be a better business for African nations than depending on the international market for the supply of refined products, stressing that “we will rather purchase from the Dangote Refinery due to the proximity of the refinery to Ghana and other neighbours.”

President of Ghana, Nana Akufo-Addo, who was represented by Vice President Mahamud Bawumia, noted that African nations were anxiously waiting for the Dangote Refinery and were satisfied with the pace of work being carried out on the refinery.

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