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    Boost to Bloom Training Equips Over 180 Farmers in Nungu with Practical Pepper Production Skills

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    Agrihouse Foundation’s Executive Director Among Distinguished Speakers for the 14th Ghana Economic Forum

    Agrihouse Foundation’s Executive Director Among Distinguished Speakers for the 14th Ghana Economic Forum

    Alberta Speaks at the World Food Forum Opening Ceremony at FAO Headquarters  in Rome, Today 

    Alberta Speaks at the World Food Forum Opening Ceremony at FAO Headquarters  in Rome, Today 

    Transformation of Ghana’s agriculture will not be complete without active involvement of women – Agric Minister

    Transformation of Ghana’s agriculture will not be complete without active involvement of women – Agric Minister

    Peasant farmers warn Ghana’s .5bn food import bill could rise over galamsey

    Peasant farmers warn Ghana’s $3.5bn food import bill could rise over galamsey

    Vatican Invites Agrihouse Foundation’s  Founder to Share Africa’s Voice on Food Systems at World Meeting on Human Fraternity

    Vatican Invites Agrihouse Foundation’s  Founder to Share Africa’s Voice on Food Systems at World Meeting on Human Fraternity

    FAO Champions Inclusion in  Status of the Youth in Agrifood Systems  Report

    FAO Champions Inclusion in Status of the Youth in Agrifood Systems Report

    Boost to Bloom Training Equips Over 180 Farmers in Nungu with Practical Pepper Production Skills

    Boost to Bloom Training Equips Over 180 Farmers in Nungu with Practical Pepper Production Skills

    Agrihouse Foundation’s Executive Director Appointed  Co-Director for Rural Hack’s Food Systems 5.0 Summer School In Italy

    Agrihouse Foundation’s Executive Director Appointed Co-Director for Rural Hack’s Food Systems 5.0 Summer School In Italy

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    Peasant Farmers Plead for Urgent Support as 200,000 Metric Tons of Local Rice Remain Unsold

    Peasant Farmers Plead for Urgent Support as 200,000 Metric Tons of Local Rice Remain Unsold

    Ho to Host the largest National Farmers Day Exhibitions, 1-5 December   

    Ho to Host the largest National Farmers Day Exhibitions, 1-5 December  

    Peasant Farmers Call for Urgent Financial Support for Buffer Stock Company to Buy Excess Local Rice

    Peasant Farmers Call for Urgent Financial Support for Buffer Stock Company to Buy Excess Local Rice

    Volta Region to Host 41st National Farmers’ Day Celebration, December 5

    Volta Region to Host 41st National Farmers’ Day Celebration, December 5

    CultiWise autonomous crop monitoring system “ScoutAI” recognized as future-farming innovation

    CultiWise autonomous crop monitoring system “ScoutAI” recognized as future-farming innovation

    GVMA hails govt’s ‘Feed Ghana Programme’ as game-changer for food security

    GVMA hails govt’s ‘Feed Ghana Programme’ as game-changer for food security

    COCOBOD launches reward scheme to tackle cocoa smuggling

    COCOBOD launches reward scheme to tackle cocoa smuggling

    Cocoa farmgate price up by GH¢400

    Cocoa farmgate price up by GH¢400

    Hungarian Embassy hosts companies to grow poultry industry

    Hungarian Embassy hosts companies to grow poultry industry

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    BoG shifts focus to productive growth as stabilisation gains hold    

    BoG shifts focus to productive growth as stabilisation gains hold    

    WFP, FAO call for urgent action as hunger deepens in Democratic Republic of the Congo 

    WFP, FAO call for urgent action as hunger deepens in Democratic Republic of the Congo 

    Regenerative Agriculture Tipped to Boost Yields and Diversify Farmer Incomes

    Regenerative Agriculture Tipped to Boost Yields and Diversify Farmer Incomes

    Government to Reclaim Degraded Mining Lands for Agricultural Use – Chief of Staff

    Government to Reclaim Degraded Mining Lands for Agricultural Use – Chief of Staff

    Government Urged to Lift Grain Export Ban to Boost Trade Opportunities

    Government Urged to Lift Grain Export Ban to Boost Trade Opportunities

    14 Ghana Economic Forum : National Leaders to Chart a Bold Path for Currency Stability and Sustainable Growth

    14 Ghana Economic Forum : National Leaders to Chart a Bold Path for Currency Stability and Sustainable Growth

    Young agripreneurs champion innovation and sustainability at the FAO–World Food Forum Youth Dialogue in Ho

    Young agripreneurs champion innovation and sustainability at the FAO–World Food Forum Youth Dialogue in Ho

    Minority demands Agric Minister’s briefing over nationwide food glut

    Minority demands Agric Minister’s briefing over nationwide food glut

    All roads lead to Tamale as Northern Business Fair 2025 opens today

    All roads lead to Tamale as Northern Business Fair 2025 opens today

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    East Africa accelerates data-driven farming and hands over control of agri-data hubs

    Rural hunger at very high levels in Central America’s Dry Corridor region

    Rural hunger at very high levels in Central America’s Dry Corridor region

    Africa’s Vegetable Genebank Makes Largest-Ever Deposit of Traditional African Vegetable Seeds in Global Repository

    Africa’s Vegetable Genebank Makes Largest-Ever Deposit of Traditional African Vegetable Seeds in Global Repository

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    Norway signs USD 4.8 million deal to bolster Tanzania’s soybean sector

    FAO, EU launch €20m project to boost aquatic food security in Africa and Latin America

    FAO, EU launch €20m project to boost aquatic food security in Africa and Latin America

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    Global leaders united to drive agrifood transformation and end hunger at WFF 2025 flagship event

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    Students experience practical agriculture through Tilly’s Farm Porktober programme

    A/R: Agrinvest and KITA expand mechanization access for young agripreneurs under YEFFA

    A/R: Agrinvest and KITA expand mechanization access for young agripreneurs under YEFFA

    AI Can Transform Animal Production – Prof. Dadson Awunyo-Vitor

    AI Can Transform Animal Production – Prof. Dadson Awunyo-Vitor

    UNU-INRA pilots youth-designed clean tech for women farmers

    UNU-INRA pilots youth-designed clean tech for women farmers

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    Ghana-Nebraska Agribusiness Chamber Holds Empowering Mentorship Session for University of Ghana Students

    Empowering young Women through youth-led actions: WFF Ghana Chapter Engages 150 female students and beginner agribusiness champions in the Bono Region

    Empowering young Women through youth-led actions: WFF Ghana Chapter Engages 150 female students and beginner agribusiness champions in the Bono Region

    WASCAL, KNUST lead Climate-Smart Agriculture Integration in African University Curricula

    WASCAL, KNUST lead Climate-Smart Agriculture Integration in African University Curricula

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    Inflation drops to 9.4%, first single-digit in more than four years

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    KGL Group’s Chairman calls on Africa to build global business giants

    Grain glut threatens Ghana’s food security as 100,000 tonnes remain unsold

    Grain glut threatens Ghana’s food security as 100,000 tonnes remain unsold

    Agriculture sector still hampered by skills gap, financing – stakeholders         

    Agriculture sector still hampered by skills gap, financing – stakeholders         

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    Telecel launches SME Month 2025 to champion youth-led businesses

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    Creating agribusiness opportunities: GNEBCham links Ghana, Nebraska through Husker Harvest Days

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Home Regional Trends

Nigeria’s $20 Billion Dangote Refinery Reshapes Global Oil Markets

by Agriwatch
January 22, 2025
in Regional Trends
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Nigeria’s  Billion Dangote Refinery Reshapes Global Oil Markets
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Nigeria’s energy landscape has undergone a transformative shift as the $20.5 billion Dangote Oil Refinery began gasoline production, marking a major milestone in Africa’s largest oil producer’s history. Operational since January 2024, the state-of-the-art refinery started producing gasoline in September, with full capacity expected by November.

The refinery, boasting a massive processing capacity of 650,000 barrels of crude per day, is the largest in Africa and surpasses any facility in Europe. This capacity not only meets Nigeria’s domestic needs but also positions the country as a significant player in global energy markets.

Reducing Reliance on Imports

One of the refinery’s groundbreaking features is its commitment to purchasing crude and selling refined fuels domestically in the local currency, a move that alleviates Nigeria’s dependence on foreign exchange, particularly U.S. dollars.

For decades, Nigeria imported a majority of its petroleum products despite being a leading crude oil producer. The Dangote Refinery is reversing this trend, reducing the need for imports and enhancing local self-sufficiency.

Disrupting European Gasoline Markets

The ripple effects of the refinery’s operations are now being felt across international markets, particularly in Europe.

According to a report by OPEC, the Dangote Refinery has significantly curtailed Nigeria’s reliance on imported petroleum products, disrupting a $17 billion gasoline trade between Europe and Africa.

With Nigeria’s growing self-sufficiency, surplus gasoline from European markets will require new destinations, prompting adjustments in trade flows and global market dynamics.

A Game-Changer for Africa

The Dangote Refinery is more than just a facility; it represents a paradigm shift in Africa’s energy infrastructure.

By refining crude domestically, Nigeria is setting a precedent for other resource-rich nations on the continent. Beyond addressing local energy demands, the refinery positions Nigeria as a key supplier in international markets, contributing to economic growth and resilience.

Source : https://oilprice.com / Picture source : Global Upfront Newspappers

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