Vitol, Trafigura, and BP Plc have emerged as the dominant buyers of refined products from Dangote Refinery, securing 75% of its output, according to a recent report.
The trio have accounted for the vast majority of the plant’s shipments since flows began ratcheting up around the middle of this year, according to data from Precise Intelligence, a new oil-and-gas trading analytics firm based in Geneva.
This is coming on the heel of the recent back and forth with local marketers on petrol prices and supply issues, with Aliko Dangote, the CEO of the refinery, insisting that the refinery has about 500 million liters of petrol in its storage.
The report indicates that Vitol and Trafigura, international oil traders, are the dominant buyers of Dangote refinery’s petroleum products.
Vitol is a global energy and commodities trading company in Rotterdam, Netherlands. It has its operations worldwide, with major offices in Geneva, Houston, London, and Singapore.
On its part, Trafigura has its…