Global Oil Flows Shift: Nigeria Steps Up as Export Hub During Supply Crunch

Amid disruptions to oil supply chains due to the US-Iran war, Nigeria's Dangote Refinery, built with assistance from India and China, is operating at full capacity. It is supplying markets in Africa and Asia, making Nigeria a net exporter of petroleum products, thanks to Indian engineering and training.

Muskan Kumawat
Muskan Kumawat Verified Public Figure • 16 Apr, 2026 Journalist
May 5, 2026 • 5:42 PM
B
Business
NEWS CARD
Logo
Global Oil Flows Shift: Nigeria Steps Up as Export Hub During Supply Crunch
“Global Oil Flows Shift: Nigeria Steps Up as Export Hub During Supply Crunch”
Favicon
Read more on en.sangritimes.com/s/414ccb
5 May 2026
https://en.sangritimes.com/s/414ccb
Copied
Global Oil Flows Shift: Nigeria Steps Up as Export Hub During Supply Crunch
Global Oil Flows Shift: Nigeria Steps Up as Export Hub During Supply Crunch

The closure of the Strait of Hormuz due to the ongoing US-Iran conflict has affected the flow of crude oil. Nigeria is now exporting petroleum products from its coast refinery which was set up with the assistance of China and India, according to a recent report.

According to an article in the news portal Business Insider Africa, the Lagos-based refinery, owned by Africa's richest man, Aliko Dangote, is operating at full capacity of 650,000 barrels per day and supplying fuel to West, Central, and East Africa.

According to the report, the products from the coast refinery have been exported to countries ranging from Senegal to Mozambique, and exports to Europe (the Netherlands and UK) and Asia are also increasing.

Muskan Kumawat Verified Public Figure • 16 Apr, 2026 Journalist

Muskan Kumawat is a Journalist & Content Writer at Sangri Times English, covering a wide range of topics, including news, entertainment, and trending stories. With a strong passion for storytelling and in-depth reporting, she delivers engaging and informative content to readers.

home Home amp_stories Web Stories local_fire_department Trending play_circle Videos mark_email_unread Newsletter