Vitol, Trafigura Lead Buyers as Nigeria’s Mega Oil Refinery Dangote Fires Up
- Three firms account for about 75% of what’s being lifted
- Dangote refinery is bigger than any plant in Europe or Africa
The Dangote refinery in Lagos.
Photographer: Pius Utomi Ekpei/AFP/Getty ImagesThis article is for subscribers only.
Vitol Group, Trafigura Group and BP Plc are the dominant buyers of fuels from Nigeria’s giant new Dangote oil refinery near Lagos that’s reshaping petroleum trading in Africa and Europe.
The trio have accounted for the vast majority of the plant’s shipments since flows began ratcheting up around the middle of this year, according to data from Precise Intelligence, a new oil-and-gas trading analytics firm based in Geneva.