Dangote Petroleum Refinery is set to construct a 1.6 million barrel storage tank in Namibia’s port city of Walvis Bay to supply refined fuel to several Southern African countries.
According to sources, the storage tanks will hold petrol and diesel for distribution to Botswana, Namibia, Zambia, and Zimbabwe. This development underscores the refinery’s ambition to dominate fuel supply in Africa and beyond.
The refinery, which started operations last year, has been ramping up production and seeking new markets. With a production capacity of 650,000 barrels per day, the refinery aims to meet Nigeria’s demand and export the surplus.
A Namibia Ports Authority official confirmed the plans, stating that the storage tanks would be housed within the Walvis Bay harbor. Construction is expected to begin shortly.
The Dangote refinery’s expansion into Southern Africa is a significant move, potentially reshaping energy trade flows in the region and boosting access to refined products for local nations.
Sources indicate that the refinery is also considering supplying fuel to the southern Democratic Republic of Congo.
This development is part of the refinery’s broader strategy to increase its market share and reach new customers. The refinery has already made a mark in the West African region and is now looking to expand its footprint globally.
Last month, a Dangote petroleum cargo was shipped to Asia, marking the refinery’s first sale outside the West African region.
The construction of the storage tanks in Namibia will enable the refinery to stockpile fuel for distribution to its target markets. With this move, Dangote is positioning itself to become a major player in the global fuel market, leveraging its strategic location and production capacity to tap into new markets and drive growth.