Nigeria, Africa’s leading producer of crude oil, has increased its imports of U.S. WTI crude due to the Dangote Oil Refinery’s growing appetite for the hydrocarbon.
The refinery, which is Africa’s largest and one of the world’s most significant crude processing facilities, has an installed capacity of 650,000 barrels per day.
The refinery is owned by Aliko Dangote, Africa’s richest man, with an estimated net worth of about $28 billion.
