Port Harcourt refinery in Nigeria starts operations

Nigeria’s state-owned Port Harcourt refinery has reportedly started up its CDU 1 this week, with our estimates pinning operations at 20 kbd. Looking ahead, the potential ramp-up to full capacity of 210 kbd would weigh on fuel imports to the country, after Dangote’s rising refinery runs already pressured gasoline imports to multi-year lows since October.