• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

Africa’s largest oil refinery targets 600 vessels annually as $20bn plant deepens global shipping

Simon Osuji by Simon Osuji
February 19, 2026
in Business
0
Africa’s largest oil refinery targets 600 vessels annually as $20bn plant deepens global shipping
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Chief Executive Officer and Managing Director, David Bird, disclosed the outlook during a media tour aimed at clarifying the refinery’s operating model and countering what he described as persistent misconceptions about the plant.

According to Bird, the refinery has already handled roughly 800 vessels since inception, underscoring the scale of its maritime footprint even before full ramp-up.

“This is not a refinery just sitting at the end of a crude pipeline. All of our feedstock is imported by sea, and our products can go into Nigeria or out to the global market,” Bird said.

The executive stressed that the model places heavy emphasis on storage, marine logistics, and port infrastructure rather than solely on refining units, noting that the facility’s coastal location and deep-sea access were deliberate strategic decisions.

Industry observers say the projected rise to about 600 vessel calls annually could create spillover benefits for Nigeria’s maritime ecosystem, including employment, local content development, and logistics services.

“It’s a no-brainer to control your supply chain,” he said, linking the strategy to recent global shipping disruptions and the group’s wider Pan-African expansion plans, including a proposed tank farm in Namibia and market engagements in Cameroon and Ghana.

A tanker discharges crude oil via single-point mooring (SPM) during a ceremony to mark the first delivery of crude oil to the Dangote Industries Ltd. refinery in the Ibeju Lekki district of Lagos, Nigeria, on Saturday, Dec. 9, 2023. [Photo: Benson Ibeabuchi/Bloomberg via Getty Images]

Providing further technical insight, Captain Satendra Singh Rana, Head of Marine, Petroleum, and Petrochemical, detailed the refinery’s offshore infrastructure.

Rana said the complex operates five Single Point Mooring buoys offshore, two dedicated to crude intake and three for refined product export. The systems are connected by 48-inch pipelines buried two metres beneath the seabed for safety.

“With the refinery ramping up to 650,000 barrels per day, we expect about 600 tankers per year, combining crude and products,” Rana said, describing the throughput as a milestone for a new refinery-terminal combination.

The offshore design leverages natural water depths of up to 40 metres for crude and 20 metres for refined products, eliminating the need for costly dredging and enabling year-round operations.

Meanwhile, maintenance planning engineer Victor Ngangha Oyama said the Dangote Port, originally built as a construction jetty, has evolved into a full import and export hub. The facility already handles fertiliser exports to markets including Brazil and is slated for further expansion.

As the refinery pushes towards full capacity, analysts say its maritime-heavy model could reshape fuel trade flows across West Africa while strengthening Nigeria’s position in global refined products markets.

Source link

Related posts

Middle East conflict jolts energy and metals markets

Middle East conflict jolts energy and metals markets

March 12, 2026
British-Nigerian boxer Anthony Joshua becomes the latest athlete moving to Dubai

British-Nigerian boxer Anthony Joshua becomes the latest athlete moving to Dubai

March 12, 2026
Previous Post

SARS Expands Its Reach: Offshore Accounts and Crypto Now Fully Exposed

Next Post

This AI Tool Will Tell You to Stop Slacking Off

Next Post
This AI Tool Will Tell You to Stop Slacking Off

This AI Tool Will Tell You to Stop Slacking Off

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Raya Distribution to introduce Nothing, CMF products in Egypt

Raya Distribution to introduce Nothing, CMF products in Egypt

9 months ago
Dubai launches shared digital channels initiative for unified government services

Dubai launches shared digital channels initiative for unified government services

10 months ago
Eero Pro 7 Review: Smooth Sailing

Eero Pro 7 Review: Smooth Sailing

7 months ago
Sudanese Armed Forces using Irianian UAVs

Sudanese Armed Forces using Irianian UAVs

2 years ago

POPULAR NEWS

  • Mahama attends Liberia’s 178th independence anniversary

    Mahama attends Liberia’s 178th independence anniversary

    0 shares
    Share 0 Tweet 0
  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.