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Nigeria: Dangote Refinery Gains From Europe Fuel Shortage With $1.82b Profit

[Daba Finance] Dangote Petroleum Refinery reported $1.82 billion in net profit for the first half of 2026 as disruptions to Middle East fuel exports increased demand for products from its Lagos plant.

  • Dangote Refinery earned $1.82 billion profit in H1 2026
  • Europe fuel shortage caused by Iran closing Strait of Hormuz
  • Dangote became Europe's largest jet fuel supplier during shortage

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