The year began on a positive note with the commencement of operations at the Dangote Refinery, Africa’s largest single-train refinery. This milestone marked a crucial step towards Nigeria’s goal of energy self-sufficiency.
However, the refinery’s operations were marred by crises between Dangote, oil regulators and other players in the sector. The issues were eventually resolved, largely, but their implications for the industry were significant. In another development, the Port Harcourt Refinery, one of Nigeria’s previously moribund refineries, began operations after a major rehabilitation.
The Nigerian National Petroleum Company Limited (NNPC Ltd) also made a significant move by terminating its exclusive purchase agreement with the Dangote Refinery, citing the need to promote competition in the industry.
