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DO YOU KNW THE WORLD 🌎 😏 BILLIONAIRE ALIKO 🤔 DAKOTE US PLANING TO BUILD FUEL STORAGE FACILITY BAREL IN NAMIBIA 🇳🇦(WALVS BAY)

General 110 days ago Participants (1)
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    Redblue
    110 days ago
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    1. Dangote Refinery, owned by Africa's richest man Aliko Dangote, is planning to build a 1.6 million-barrel fuel storage facility in Namibia's Walvis Bay port city.                                                                                                         This strategic move aims to: *Dominate Fuel Supply*: Expand Dangote's dominance in the African fuel supply chain, potentially reshaping regional energy trade flows. - *Increase Market Share*: Supply refined petroleum products to key Southern African markets, including Botswana, Namibia, Zambia, Zimbabwe, and potentially the southern Democratic Republic of Congo. - *Boost Export Capacity*: Enhance the refinery's export capabilities, building on recent successes in exporting petrol to Asia and jet fuel to the US and Middle East.                                                                                                                         The Dangote Refinery, which began operations in 2024, is a $20 billion project with a processing capacity of 650,000 barrels per day. Once fully operational, the storage facility will play a crucial role in meeting the fuel demands of Southern African nations.                                                                                                                              *Key Benefits:* -                                                                                                  *Reduced Dependence on Imports*: Dangote's expansion will help Southern African countries reduce their reliance on imported fuels. - *Economic Growth*: The project is expected to boost economic growth and development in the region. - *Job Creation*: The construction and operation of the storage facility may create new job opportunities for Namibians and other nationals in the region.                                                                                                                 While the exact cost of the project is undisclosed, sources indicate that construction is expected to begin soon, further solidifying Dangote's position as a major player in Africa's energy landscape.

     

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