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Gibson Tanker Market Report

The Wind of Change
  
In recent years we have paid close attention to the new 650kbd Dangote refinery currently under construction. The project was initiated nearly a decade ago and was originally scheduled to come online in 2019. However, as is the case with most grassroots refineries, the scale of the project coupled with typical logistical delays; which were further amplified by disruptions caused by the pandemic meant that the start-up has been pushed back. In late 2022, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reported that the refinery is nearing completion, being 97% commissioned, whilst many media outlets suggested that the scheduled start-up date is in Q1 2023.

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The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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