Based on data provided by Bloomberg, the Dangote refinery‘s capacity has placed it above the ten largest refineries in Europe.
650,000 barrels of petroleum products may be refined daily at the $20 billion Dangote plant.
This has a capacity of about 246,000 bpd higher than Shell’s Pernis refinery in the Netherlands, according to the study.
It further stated that the largest refinery in Europe, the Pernis refinery, has an installed capacity of 404,000 bpd. The capacity of the BP Rotterdam in the Netherlands is 380,000.
According to Bloomberg, the GOI Energy ISAB refinery in Italy was constructed with a 360,000bpd refining capability.
338,000 barrels per day can also be refined at the TotalEnergies Antwerp refining facility in Belgium.
The Orlen Plock refinery in Poland, the Shell Rheinland refinery in Germany, the 310,000-bpd Miro refinery in Germany, and the 307,000-bpd ExxonMobil Anterwep refinery in Belgium were among the other refineries mentioned in the report.
It also mentioned the 300,000 capacity of the Saras Sarroch refinery in Italy and the 270,000bpd capacity of the ExxonMobil Fawley refinery in England.
According to the Bloomberg report, which referred to the Dangote refinery as a “game changer,” the refinery was using up to a third of its feedstock when it first opened by taking advantage of cheaper US oil imports.
Analysts claim that the refinery has begun shipping products in recent weeks while preparing two units to permit the production of gasoline, which will bring about the long-promised revolution of the fuel market in Nigeria and the region.
According to oil expert Alan Gelder of Bloomberg, “Dangote is going to influence Atlantic Basin gasoline markets this summer and for the rest of the year.”
The average estimate of analysts at WoodMac, FGE, and Citac is that the refinery is operating at roughly 300,000 barrels per day, or nearly half its nameplate capacity.
The complex is expanding to include a full range of products, and it has begun delivering jet fuel, diesel, and naphtha.
According to a recent Reuters story, the $17 billion annual gasoline trade between Europe and Africa may come to an end due to the Dangote oil refinery.
The Dangote refinery is putting more pressure on European refineries that are already in danger of closing due to increased competition, according to Reuters, which cited analysts and traders. The refinery will be the largest in both Africa and Europe when it achieves full capacity.
According to Reuters, which used Kpler statistics, about one-third of Europe’s 1.33 million barrels per day average gasoline exports in 2023 went to West Africa—a larger portion than any other region—with Nigeria receiving the lion’s share of those exports.
Diesel sales from the refinery to the Nigerian market have started, causing the product’s pump price to drop from N1,600 to N940 in less than a month.
