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The recently built Dangote refinery could significantly dent the European oil market. The refinery threatens to heighten the competition for European refineries in a market that already seems over-saturated. According to economists, the Dangote refinery might halt the decades-long gasoline trade from Europe to Africa worth $17 billion each year. Dangote refinery’s 650,000 bpd capacity is poised to challenge European oil market dominance.The change the European oil market may not be immediate but it would be eventual.Nigeria’s energy independence is closer as the Dangote refinery accelerates to…

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