is significantly increasing its diesel exports to West Africa, thereby capturing market share from European refiners, according to traders and shipping data. The operations of the $20 billion refinery, located in the Lekki area of Lagos, according to a report by Reuters, has spiked competition in the sub regional market, leading to the EU, UK, and Russian diesel exports to West Africa hitting multi-year lows.
However, preliminary data for June indicated a sharp decline in gasoil volumes. Despite this, overall oil product exports, including fuel oil, naphtha, and jet fuel, remained relatively high at 225,000 bpd.
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