ADAMU GARBA CALLS FOR A STATE OF EMERGENCY IN EDO STATE, GIVES REASON. (PHOTO).

The Organisation of the Petroleum Exporting Countries (OPEC) says the production of petroleum products by the Dangote Petroleum Refinery has reduced the importation of refined products from Europe.
In its Monthly Oil Market Report published on January 15, 2025, the global body said with the refining efforts of the Lagos-based refinery, gasoline volumes produced in the international markets would have to find new destination markets.
“The ongoing operational ramp-up efforts at Nigeria’s new Dangote refinery and its gasoline exports to the international market will likely weigh further on the European gasoline market.
“Continued gasoline production in Nigeria, a country that has relied heavily on imports to meet its domestic fuel needs in the past, will most likely continue to free up gasoline volumes in international markets which will call for new destinations and flow adjustments for the extra volumes going forward,” the report partly read.
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