Report: Dangote refinery to get 12m barrels of crude from US

 

The Dangote Petroleum Refinery is expected to receive up to 12 million barrels of crude oil from the United States.

According to the Africa Report, the refinery is slated to take delivery of the product by February.

“The 12 million barrels of crude has already left the United States and will land in Nigeria next month,” an insider told the publication.

“About 12 million barrels of crude have departed the US and should arrive in Nigeria by February.”

The development comes amid the refinery’s efforts to ramp up production.

The plant had received about 24 million barrels of Nigerian supply in October and November — a move that suggested the company was increasingly turning to local feedstock.

The 650,000 bpd facility was expected to receive 13 to 14 shipments — out of Nigeria’s monthly programme of about 50 cargoes — between October and November 2024.

Nigeria officially commenced the sale of crude oil and refined petroleum products in naira in October, 2024.

The development was intended to ease supply challenges, boost local refining, and ultimately end Nigeria dependence on petroleum products importation.

But the latest US shipment may signal the refinery’s return to external suppliers for feedstock as local supply gaps persist.

In November last year, Edwin Devakumar, the vice-president of Dangote Industries Limited, said the federal government’s initiative to sell crude priced in the local currency was faltering, as the plant was still unable to secure adequate supplies.

 

Devakumar said the Nigerian National Petroleum Company (NNPC) Limited had failed to meet its supply commitment of 385,000 bpd to the refinery.

Related Posts

FG to offer petrol discount at NNPC filling stations for next 30 days

  The federal government says it will offer a discount on petrol dispensed at the filling stations of the Nigerian National Petroleum Company (NNPC) Limited for the next 30 days.…

Set machineries in motion to conduct election in ASMATA, other Anambra markets, ASMEF tells Soludo

  A group of market elders in Anambra State, under the umbrella of Anambra State Markets Elders Forum, ASMEF has called on Governor Chukwuma Soludo of Anambra State to set…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

How I steal ATM users’ PINs, defraud them – Suspect

  • By admin
  • October 21, 2026
  • 4 views
How I steal ATM users’ PINs, defraud them – Suspect

Nigeria confirms first Ebola case is Bundibugyo strain

  • By admin
  • October 21, 2026
  • 4 views
Nigeria confirms first Ebola case is Bundibugyo strain

EFCC Arrests Abuja Businessman Over Alleged $120m Fraud

  • By admin
  • October 21, 2026
  • 4 views
EFCC Arrests Abuja Businessman Over Alleged $120m Fraud

Police Uncover International Visa Fraud Hideout In Ogun, Rescue 11 Ghanaians

  • By admin
  • October 21, 2026
  • 5 views
Police Uncover International Visa Fraud Hideout In Ogun, Rescue 11 Ghanaians

Mexican cartels turning Nigeria into meth hub – US

  • By admin
  • October 21, 2026
  • 5 views
Mexican cartels turning Nigeria into meth hub – US

#EndSARS Anniversary: Police Fire Tear Gas To Disperse Gathering At Lekki Toll Gate

  • By admin
  • October 20, 2026
  • 6 views
#EndSARS Anniversary: Police Fire Tear Gas To Disperse Gathering At Lekki Toll Gate