The crude oil refinery being built in Lagos by Dangote Industries Limited is a threat to refineries in Europe, which Nigeria relies mostly on for fuel imports, a global provider of energy and commodities information has said. The Editorial Director, Strategic Oil Markets Development, S&P Global Platts, Andrew Bonnington, said at the S&P Global Platts
![Last week , the President , Dangote Industries Limited, Aliko Dangote , said he had arranged more than $ 4 . 5 bn in debt financing for his refinery project and aimed to start production in early 2020](https://www.ugandaoil.co/wp-content/uploads/2018/08/1200px-Dangote_Group_Logo.svg_.png)