Post by Ayodeji Williams (@Ayodeji)

Dangote Refinery Fully Exposed to International Market on Crude Supply and Product Pricing - Bird

Dangote Refinery is an independent merchant refinery; we have an arm's length relationship on our crude supply. We're seeing a dislocation between crude and product prices driven by scarcity. Our pricing approach is to maintain stability within a commercially acceptable range, as there's no subsidy or discount applied to our cost input. We feel the impact of the price shock driven by the Middle East conflict.

David Bird, CEO of Dangote Refinery

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