Dangote Petroleum Refinery and Petrochemicals is witnessing a surge in inquiries from African countries seeking fuel supplies following disruptions caused by the Iran war.
This development was disclosed by Bloomberg on Friday.
The report stated that several governments are scrambling to secure alternative sources of refined petroleum products.
Bloomberg reports that Dangote Petroleum Refinery and Petrochemicals has been approached by South Africa and other African countries, as they move to stabilise fuel supply in the wake of the crisis.
Officials and stakeholders say the surge in demand reflects concerns over fuel availability rather than pricing, as countries prioritise energy security.
Governments are also taking steps to diversify supply sources to mitigate risks associated with Middle East disruptions.
“Right now it is not about pricing, it’s about availability. I think the situation will continue for a while,” Aliko Dangote said in an interview with The Economist.
South Africa’s government, quoted by Bloomberg, stated it is “actively coordinating with industry stakeholders to secure both crude oil and refined petroleum products from a diversified range of sources.”
The government added that “a comprehensive plan is in place to manage potential supply risks.”
The comments demonstrate the urgency among countries to secure reliable fuel supplies amid ongoing geopolitical uncertainty.
