"With global demand for crude oil projected to keep dropping,” - TopicsExpress

"With global demand for crude oil projected to keep dropping,” Dangote said, “the way forward is for us to start exporting refined products rather than crude. We will get far much better value that way. In the next five to seven years, we should stop exporting crude altogether. Apart from South Africa, the refining capacity in Sub-Saharan Africa is grossly insufficient. Angola has a refinery that can only handle 30,000 barrels per day, whereas they consume 120,000 barrels. Cote d’Ivoire refines 60,000. Niger Republic is just 20,000. Ghana has 45,000. That is why our primary target is the regional market. Other African countries will be coming to buy products from our refinery when it is completed by 2016, insha Allah. That is our strategic plan.” Aliko Dangote

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