Dangote Petroleum Refinery is planning to build storage tanks in Namibia with the capacity to hold at least 1.6 million barrels of petrol and diesel, aiming to supply refined fuel to the Southern African region.
This move emphasises the refinery’s ambition to dominate fuel supply in Africa and beyond, potentially reshaping energy trade flows in the region and boosting access to refined products for southern African nations.
The 650,000 barrels per day refinery, built at a cost of $20 billion by Aliko Dangote started operations last year and has been ramping up production and seeking new markets.
Sources, who were briefed on the development, told Reuters that the storage tanks would be used to supply petrol and diesel to Botswana, Namibia, Zambia and Zimbabwe.
A Namibia Ports Authority official confirmed the plans and said the storage tanks would be housed within the Walvis Bay harbour. A source said last month that a Dangote gasoline cargo was heading to Asia, the first time the refinery was selling gasoline outside the West Africa region. Dangote refinery says at full capacity, the plant would produce enough to meet demand in Nigeria, which has sharply cut imports of processed fuels, and export the rest.
