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Dangote Refinery Plans $1.6B IPO, Africa's Largest, to Fund Expansion
Al Jazeera AR·NG·about 10 hours ago
Nigeria's Dangote refinery, the largest in Africa, has shifted output toward diesel and jet fuel for European markets, marking a significant new supply source for the region. The move diversifies Europe's fuel imports away from traditional suppliers and signals the refinery's growing global role. Uncertainties remain regarding export volumes and pricing competitiveness.