Nigerian billionaire Aliko Dangote launched a $2.5 billion fuel storage and \u200cregional pipeline project in Namibia’s Walvis Bay on Wednesday that could reshape the fuel supply architecture in Southern Africa.<\/p>\n
The project is one of a slew of energy ventures championed by Dangote, Africa’s richest \u200bman, as he expands his sprawling business empire on a continent heavily reliant \u200bon imported fuels and hard-hit by the Iran war.”<\/p>\n
Dangote already operates Africa’s \u2060biggest refinery in Nigeria, a 700,000 barrel-per-day (bpd) plant, which he is expanding, with plans to \u200bbuild another 700,000 bpd refinery in Kenya on the opposite side of the continent.<\/p>\n
At a launch \u200bceremony attended by Namibian President Netumbo Nandi-Ndaitwah, Dangote said that the pipeline project, once complete, would strengthen the energy independence of six African countries and help establish Walvis Bay as a fuel logistics \u200bhub.<\/p>\n
“For Namibia it is expected to moderate logistical vulnerabilities, high shipping costs and severe \u200benergy insecurity while promoting infrastructure warehousing,” he said.<\/p>\n
The tank farm will have storage capacity of approximately 600 \u200cmillion \u2060litres, or some 4 million barrels, with 360 million litres of diesel and the remainder petrol.<\/p>\n
Dangote told reporters the project would be completed within 18 to 20 months.<\/p>\n
It will have eight times the capacity of Namibia’s 75 million-litre National Oil Storage Facility, operated by \u200bNamibia’s national oil company \u200bNamcor.<\/p>\n
The tank terminal \u2060has scope for a 1,700 km pipeline connecting the hinterland countries of Botswana, Zimbabwe, Zambia and potentially the Democratic Republic of Congo, \u200bDangote said.<\/p>\n
Gerrit van Rooyen, a senior economist at Oxford Economics \u200bAfrica, said \u2060the project was part of a broader strategy by Dangote to develop African fuel distribution networks for his refined fuel exports.<\/p>\n
“This will help the company to diversify its market, particularly away \u2060from \u200ba reliance on European and East Asian markets where \u200bthe green energy transition is expected to moderate demand for refined fuel over the long term,” van Rooyen \u200badded.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nigerian billionaire Aliko Dangote launched a $2.5 billion fuel storage and \u200cregional pipeline project in Namibia’s Walvis Bay on Wednesday that could reshape the fuel supply architecture in Southern Africa.<\/p>\n","protected":false},"author":6,"featured_media":16783,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":4,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_comment_section":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"Reuters","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2831,2362,30,27],"tags":[2099,60,3520,175],"class_list":["post-22518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-featured","category-southern-africa","category-west-africa","tag-aliko-dangote","tag-namibia","tag-netumbo-nandi-ndaitwah","tag-nigeria"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=22518"}],"version-history":[{"count":1,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22518\/revisions"}],"predecessor-version":[{"id":22519,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22518\/revisions\/22519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/16783"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=22518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=22518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=22518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}