The Organisation of Petroleum Exporting Countries (OPEC) has predicted that Nigeria’s Dangote Refinery will disrupt activities in the European oil industry, especially in the Northwest European gasoil market.

The 650,000 bpd-capacity refinery in Nigeria is expected to have an impact on traditional diesel and jet suppliers, which will in turn put pressure on Europe’s refined petroleum product market.

According to OPEC, the Dangote Refinery as an essential player among global suppliers as potential production increases are expected to challenge Europe’s reliance on established sources.

The report said: “Upside potential for higher production levels from Nigeria’s Dangote refinery, coupled with strong flows from the Middle East and new supplies from the Mexican Olmeca refinery, will likely exert pressure on NWE gasoil performance in the mid-term.”

The Dangote Refinery began operations in January 2024 and has already started to influence global oil flows.