Africa’s oil giants, Nigeria, Angola, and Algeria on standby as Aramco warns of 100 million barrels weekly loss if Hormuz stays closed

A potential closure of the Strait of Hormuz could lead to a weekly loss of 100 million barrels of oil, placing African oil giants Nigeria, Angola, and Algeria on standby. These nations are adapting their energy sectors: Angola expands refining capacity, Algeria maintains strong exports, and Nigeria becomes a net exporter of refined products thanks to the Dangote Refinery.