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- Since the commencement of refining operations successful 2024, Dangote Refinery has been importing the bulk of its crude supply
- Chairman of the Group, Aliko Dangote, claimed this was owed to the inability of section suppliers to conscionable the crude demands of the refinery
- The Vice President of the institution has fixed an update connected the substance and mentioned the expected day to halt crude imports
Ruth Okwumbu-Imafidon, a writer with Legit.ng, has implicit a decennary of acquisition successful concern reporting crossed integer and mainstream media.
After adding much spouse filling stations, Dangote Refinery has fixed a day to halt importing crude lipid from the USA, and different countries into Nigeria.
The Vice President of Dangote Industries Limited, Devakumar Edwin, has declared that by the extremity of 2025, Dangote Refinery volition lone process Nigerian crude oil.
This declaration comes aft Dangote Refinery imported much than fractional the crude processed successful June 2025.
Source: UGC
Edwin stated that the semipermanent contracts the refinery entered into with overseas suppliers volition expire by the extremity of 2025, and then, it volition modulation into processing lone section crude.
He said successful an interview:
“We expect that earlier the extremity of the twelvemonth we tin modulation 100% to section crude.”According to Bloomberg, Dangote Refinery is presently processing 550,000 barrels and is acceptable to attain afloat refining capableness soon.
In June 2025, astir 43% of its crude proviso was sourced from the US, portion 53% was purchased from home crude suppliers.
If the projections spell arsenic planned, Africa’s largest refinery volition nary longer beryllium importing millions of barrels of crude by 2026.
All of the crude to beryllium refined would beryllium sourced locally.
Dangote imports crude from the US, Brazil, others
Since the refinery commenced operations successful 2024, it has imported crude from respective countries, including the USA, Brazil, Angola, Equatorial Guinea, and Ghana.
The assertive crude importation by the refinery was to alteration it to conscionable the projections to deed afloat accumulation capableness by July 2025.
Dangote Refinery has besides exported refined petroleum products to respective countries wrong and extracurricular Africa, making Nigeria a nett exporter of petroleum products.
Nigeria’s crude accumulation drops amid crude theft
Meanwhile, Nigeria has not yet achieved stableness successful its accumulation arsenic crude theft and different information threats proceed to hamper production.
Some planetary lipid companies person besides reduced their beingness successful onshore and shallow h2o fields, impacting crude proviso adjacent more.
Bloomberg News reports that Dangote Refinery is scheduled to person 5 crude cargoes of astir 1 cardinal barrels each successful July and August 2025.
Source: UGC
Dangote Refinery slashes substance price
Barely 2 days aft autarkic petroleum marketers chose to undercut the refinery by offering little prices, Dangote Refinery has replied.
It slashed substance prices again, bringing depot prices down to N820 per litre, and allowing its marketers to conveniently merchantability beneath N900 per litre.
Dangote Refinery exports to Singapore
In related news, Dangote Refinery has exported respective batches of low-sulphur straight-run substance lipid to Singapore.
This shows a displacement successful the commercialized dynamics, with refined crude present going from Africa to Asia, wherever it utilized to gully imports from.
Legit.ng reports that the recent cargo to Singapore will dwell of astir 85,000MT of low-sulphur straight-run substance lipid and 35,000MT of slurry.
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Source: Legit.ng
