Dangote oil refinery has sustained its position as a key supplier of fuel to Europe following disruptions to Middle East exports. According to its prospectus, the refinery delivered a net profit of $1.82 billion in the first half of 2026 on revenue of more than $13 billion, compared with a loss of $476 million in all of 2025, as conflict-related disruptions lifted refining margins and increased demand for its exports. Established to end Nigeria's dependence on imported fuel, the refinery is increasingly influencing global fuel flows amid market stress. Janiv Shah of Rystad Energy said Dangote's role is likely to increase materially in coming years.
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