Aliko Dangote has announced that his refinery is ramping up exports of petroleum products and urea to African countries affected by supply disruptions linked to the Iran war. Speaking on Monday during a tour of the facility in Lagos, he said the refinery is operating at full capacity of 650,000 barrels per day.
The billionaire industrialist noted that the refinery has helped cushion the impact of the crisis both in Nigeria and across West, Central and East Africa, assuring that it has sufficient capacity to meet regional demand.
Dangote revealed that the facility has already shipped about 17 cargoes of petrol to other African countries, while exports of urea fertilizer have also increased in recent days as buyers seek alternative supply sources.
The refinery, which can produce up to 3 million metric tonnes of urea annually, has traditionally exported most of its fertilizer to markets in the United States and South America, but is now redirecting supply towards African markets.
Despite the increased output, fuel prices in Nigeria remain at record highs due to elevated global crude prices. Dangote indicated that the refinery is seeking more crude supplies priced in local currency, while reports suggest the Nigerian National Petroleum Company plans to allocate seven crude cargoes for May 2026, up from previous months.