Nigeria’s Dangote refinery has increased exports of petrol and urea to African countries facing supply disruptions linked to the ongoing Iran war. Aliko Dangote, speaking during a tour of the 650,000-barrel-per-day facility, said the plant has helped cushion the impact of the crisis both in Nigeria and across the continent.
“We have the capacity to supply Nigerians and most of West, Central, and East Africa,” Dangote said. The refinery has shipped 17 cargoes of gasoline to other African nations, while urea fertiliser exports have also risen as buyers seek alternative sources.
“In the last couple of days, we’ve been looking to mostly African countries, which we were not doing before,” he added, referring to the fertiliser shipments.
The refinery can produce up to 3 million metric tons of urea annually, typically exported to the United States and South America. Fuel prices in Nigeria have reached record highs, as maximum output from the Dangote refinery has not fully offset the impact of high crude prices.
Dangote said the refinery hopes to secure more crude cargoes priced in local currency to help curb fuel costs. The Nigerian National Petroleum Company (NNPC) recently allocated seven May crude cargoes to the Dangote refinery, up from five in previous months, according to trade sources and a refinery official.
The developments come as oil prices have risen sharply amid tensions over the Strait of Hormuz. President Donald Trump has given Iran until 8 p.m. EDT Tuesday to reopen the strait or face potential military action. About a fifth of the world’s oil supply passes through the waterway.
Brent crude futures rose $1.74, or 1.6%, to $111.51 a barrel, while U.S. West Texas Intermediate crude futures increased $3.45, or 3.1%, to $115.86. On Sunday, OPEC+ agreed to a modest production increase of 206,000 barrels per day for May, while Saudi Arabia raised the official selling price of its May Arab Light crude to Asia to a record premium.
The Dangote refinery’s expanded role in regional fuel and fertiliser supply highlights its growing importance in stabilising energy and agricultural markets across Africa during a period of global supply uncertainty.
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