Nigeria’s Dangote Refinery plans significant expansion into southern Africa. New storage tanks in Namibia will hold 1.6 million barrels of fuel. This strategic move aims to solidify its regional market dominance. The refinery seeks to reshape energy trade dynamics.
The $20 billion facility, built by Aliko Dangote, commenced operations last year. It boasts a 650,000 barrels per day processing capacity. The refinery has steadily increased production output. It actively seeks new international markets for its refined products.
These proposed storage tanks will facilitate fuel supply to multiple nations. Botswana, Namibia, Zambia, and Zimbabwe are targeted destinations. Sources also indicate potential supply to southern Democratic Republic of Congo. This broad reach underscores Dangote’s ambitious vision.
Construction of these vital storage facilities will begin shortly. The port city of Walvis Bay, Namibia, is the chosen location. A Namibia Ports Authority official confirmed the development. They stated the tanks would be housed within the harbour itself.
Last month, Dangote sent its first gasoline cargo to Asia. This marked the refinery’s initial foray beyond West African markets. At full capacity, the plant aims to satisfy Nigeria’s domestic fuel needs. Any surplus production will then be available for export.