World’s Top Oil Traders Buy Up Fuel From Africa’s Biggest Refinery

The large commodity trading firms Vitol and Trafigura, as well as supermajor BP, are the biggest and dominant buyers of fuels lifted from the Dangote refinery in Nigeria, Africa’s newest and largest crude processing facility, Bloomberg reported on Wednesday, citing data from Geneva-based oil and gas analytics firm Precise Intelligence. The Dangote refinery began the production of fuels in January 2024, marking the start-up of the plant that has seen years of delays. The plant began to ramp up processing rates in the middle of this…