Aliko Dangote’s refinery is seeing heightened demand from African governments
Aliko Dangote’s refinery in Nigeria is seeing heightened demand from African governments seeking fuel amid global supply disruptions.
South Africa is negotiating a 12-month contract.
The disruption stems from Iran’s blockade of the Strait of Hormuz, sending shockwaves through the energy market, including fuel shortages in India and Japan.
East and Southern African countries are highly vulnerable, as they heavily rely on refined-fuel imports from the Middle East, and oil prices have spiked by over 40%.
South Africa is negotiating a 12-month contract.
The disruption stems from Iran’s blockade of the Strait of Hormuz, sending shockwaves through the energy market, including fuel shortages in India and Japan.
East and Southern African countries are highly vulnerable, as they heavily rely on refined-fuel imports from the Middle East, and oil prices have spiked by over 40%.