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The Chief Executive of TotalEnergies, Patrick Pouyanne, on Friday, said the company has struck its first supply deal with Dangote Refinery in Nigeria.
Pouyanne who spoke after a meeting with the owner of the refinery, Aliko Dangote revealed the deal to a panel at the Africa CEO Forum in Kigali, Rwanda.
He said: “We met this morning, we made the first deal between both of us. The two CEOs met with our head of trading and we found a way to convince them to make a deal.”
TotalEnergies is one of the major producers of crude in Nigeria alongside Shell.
Dangote said his refinery will be producing fuel, adding that the refinery has enough diesel and aviation fuel to supply the African continent and export to Brazil.
“He said: We started producing jet fuel, we are producing diesel, by next month, we’ll be producing gasoline. What that will do, it will be able to take most African crudes.
“Our capacity is too big for Nigeria. It will be able to supply West Africa, Central Africa and also Southern Africa.
“The next phase of the refinery will start early next year.”
