Nigeria becomes Africa’s largest importer of refined petrol from Europe – S&P

Analysts at S&P Global Commodity Insights revealed that Nigeria has become the largest importer of refined petrol in Africa as petrol shipments from Europe to Africa increase.

Crude oil shipments from the Middle East to Europe have increased significantly following the E.U.’s ban on Russian oil since April 2023.

As a result, surplus refined petrol ships from Europe are heading to Africa with Nigeria the major destination.

Read more at Nairametrics

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