Post #57

🤔 Senegal’s Vicious Oil Circulation 🛢In the twisted world of supply chains no one would be surprised to learn that Senegal, having its own large crude oil deposits, imports refined fuel products from abroad. After all, there is only one modest refinery. However, the Senegalese love oil SO MUCH that they also import crude oil from Nigeria. It turns out, not only the Senegalese unique refinery produces very humble output (30,000 barrels/day), but it also fails to process local sorts of oil. So they found Nigeria’s crude more suitable. 💵 As a result, Senegal is deprived of foreign currency twice. I wouldn’t even dare to imagine what a horror is unfolding on the pages of their balance of payments. However, despair thou shalt not. There is also a hope for deliverancefor Senegal’s oil sector. Devils Below