The Major Energies Marketers Association of Nigeria (MEMAN) has said that the Dangote refinery is materially reshaping regional flows of petroleum products.
It also said that policy stability, transparent regulation and investor confidence are critical to attract downstream investment that will strengthen supply resilience and influence domestic prices.
MEMAN also said Dangote refinery does not eliminate import dependence. It added that the refinery outages remain major price drivers and that Lomé functions as a growing marginal hub providing flexible small clip supply and supporting price discovery.
According to it, Platts’ new regional assessments and the market versus strip methodology aim to better reflect traded values and reduce noise in published differentials.
These were contained in a statement on Thursday of the communique on the webinar of MEMAN and S&P Global Commodity Insights titled: “West Africa Fuels Landscape: Market Fundamentals & Geopolitical Drivers.”
It stated that the webinar noted global geopolitics, changing trade flows and new regional refining capacity are reshaping West Africa’s refined products landscape.
MEMAN Chairman, Mr. Huub Stokman said the webinar was timely following Nigeria’s move to full fuel price deregulation. He emphasized that rising local refining capacity changes the supply landscape and that MEMAN will support market transparency, benchmarking and coordinated stakeholder engagement during the transition.
The statement noted that discussions during the webinar focused on the impact of the Dangote refinery commissioning, shifting export channels from Europe, the role of Lomé as a flexible trading hub, recent price shocks including a Dangote FCC outage, and methodological innovations to better reflect how material trades in the Gulf of Guinea.
