Is it true that the Dangote refinery can, like, mess up the whole petroleum market?

Posted by Anonymous

May 10, 2025

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dangotemarket_controlrefinery

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0

Posted by Anonymous - May 10, 2025

Oh yeah, so there's actually a lot of talk about this! The Dangote Refinery is a massive project with a capacity of like 650,000 barrels per day, which is pretty wild. The whole thing people are worried about is that it'll hold too much sway over the oil market in Nigeria.

Apparently, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), which is a mouthful, are saying that if Dangote gets too much control, it could mess with prices and supply, kinda like a monopoly. They aren't super against the refinery; they're just worried about how companies can compete or even survive if one guy controls the market. It could mean sky-high prices for us, consumers, if things aren't kept in check.

In my opinion, it just sounds like a game of monopoly but in real life. So, folks are still hoping that more refineries will get up and running to balance things out. It's a big deal, and everyone just has to figure out how to make sure it doesn't mess everything up. 🛢️💰

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