Raffinage

Oil: Dangote refinery accelerates the shift in the global refining map

The Middle Eastern crisis brings renewed attention to a question often overshadowed by crude oil volumes: where is the capacity to turn crude into usable fuels? Nigeria’s Dangote refinery has become an important international supplier as supply and trade-flow disruptions tighten petroleum-product markets. Its role suggests Africa can help diversify refining geography, but the continent’s expansion projects remain exposed to supply, financing and execution obstacles.

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Ghana: Jomoro announces a $28 billion agreement for phase two

Ghana has announced a $28 billion agreement for the second phase of its Jomoro petroleum hub. Signed on October 19 by the Petroleum Hub Development Corporation (PHDC) and an international consortium led by Global Sphere, the partnership envisages a 300,000-barrel-per-day refinery, two petrochemical units and port facilities. The industrial ambition is substantial. Its credibility will nevertheless depend on turning the announced agreement into financing, construction and sustainable supply.

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