Nigeria, Africa’s biggest oil producer and exporter, has resumed importation of petrol from the People’s Republic of China, the world’s top crude oil importer.
The Asian country shipped thirty-seven metric tonnes of petrol to Nigeria in September for the first time since July 2019.
Peoples Republic of China, a major exporter of transportation fuels, has extended exports to Africa in recent years.
The first African country to receive Chinese petrol was Togo in April 2018 at fifty thousand metric tonnes, followed by Nigeria in January 2019 at fifty-one thousand metric tonnes.
The most recent diesel exports from China to Africa were in June, with Kenya and South Africa receiving forty-thousand metric tonnes. and thirty-five metric tonnes, respectively.
Chinese annual crude oil imports increased by zero point nine million barrels per day in 2019 to an average of ten point one million barrels per day.
Last year, the Chinese refinery capacity increased by one point zero million barrels per day, primarily because two new refining and petrochemical complexes came online with capacities of zero point four million barrels per day each.