South Africa, Ghana and others turn to Dangote Refinery amid Hormuz siege

Several African countries, including South Africa, Ghana and Kenya, are turning to Nigeria’s Dangote Refinery as fuel supplies from the Middle East tighten due to a siege in the Strait of Hormuz.

Amid a siege in the Strait of Hormuz, fuel supplies from the Middle East are tightening. Several African countries, including South Africa, Ghana and Kenya, are turning to Nigeria’s Dangote Refinery for their fuel needs. This was reported by Daily Trust under the title 'Strait Of Hormuz Siege: South Africa, Ghana, Others Turn To Dangote Refinery'. The shift positions the refinery as an alternative amid regional supply constraints from the Middle East. No further details on the number of countries involved or specific volumes were provided.

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Tanzanian President Samia Suluhu met Nigerian billionaire Aliko Dangote on Saturday in Dar es Salaam. The talks followed reports that Dangote now prefers to build a large oil refinery in Kenya instead of Tanzania. Suluhu noted Dangote's ongoing cement investments in the Mtwara region.

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Billionaire Aliko Dangote has added Lamu to the list of possible locations for a planned oil refinery in East Africa. The project would replicate his 650,000-barrel-a-day facility in Nigeria. Kenya's President William Ruto will make the final decision on the site.

Oil prices dipped following the conclusion of indirect US-Iran talks in Doha. Qatar reported positive progress on issues related to the Strait of Hormuz. Tanker traffic through the vital waterway is recovering toward pre-war levels.

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