Revealed: Why Dangote Refinery is importing another five million barrels of crude

• The Dangote Refinery is scheduled to import astir 5 cardinal barrels of WTI crude successful July 2025
• This is according to a tender, which shows that the imports are from 3 antithetic dealers
• Reports accidental Dangote’s erstwhile grounds for the WTI crude imports was astir 173,000 successful April

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

Dangote Refinery volition proceed its crude lipid imports, with reports saying that it has already secured 5 cardinal barrels of US WTI scheduled for July this year.

The mega 650,000 bpd capableness installation is acceptable to import astir 161,000 barrels per time of West Texas Intermediate (WTI), Reuters quotes sources arsenic saying, extending its buying spree aft June supplies.

Aliko Dangote's refinery intensifies crude lipid imports from the US. Credit: Bloomberg/Contributor
Source: UGC

Dangote Refinery to bargain crude from 3 firms

According to the report, the last totals for July are taxable to alteration if the refinery makes much purchases.

The refinery’s buying spree shows the expanding rivalry lipid exporters look arsenic OPEC+ producers summation output, with US crude facing steep contention from Asia against a six-month driblet successful spot premiums for UAE Murban crude.

Vitol, a commodity trader, reportedly supplied 2 cardinal barrels for July transportation successful the latest tender for the Nigerian refinery, portion Azeri state-owned Socar supplies different 2 million, and Glencore sold the remaining 1 cardinal barrels.

The companies refused to remark connected the reported tender for purchases.

The dealers of the 9 cardinal barrels Dangote bought for June accomplishment successful an earlier tender were confirmed by a Reuters report.

Reports accidental Dangote’s erstwhile grounds for the WTI crude imports was astir 173,000 successful April, according to information from planetary shipping data-tracking steadfast Kpler.

Dangote purchases crude from African countries

"We tin instrumentality lone what they are giving to america from Nigeria, this is simply a known fact. We person to import the rest," said Edwin Devakumar, caput of the Dangote Oil Refinery.

The elephantine refinery’s crude blend comprises chiefly Nigerian grades, contempt its WTI purchases since March 2024.

In 2025, the refinery besides bought spot cargoes from Angola, Equatorial Guinea, Algeria, and Brazil, disposable information show.

Industry monitor, IRR, said the refinery is expected to run astatine a reduced complaint until October owed to caller issues, aft cancelling the scheduled June turnaround maintenance.

Nigeria's Aliko Dangote leads the world's largest single-train refinery. Credit: Bloomberg/Contributor
Source: UGC

According to reports, the refinery is gearing up to deed 85% operating capacity, arsenic it has been moving astatine 80% since March this year.

Dangote imports 5 cardinal barrels of crude

Legit.ng earlier reported that the Dangote Refinery accrued its crude imports successful May 2025, receiving astir 672,324 metric tonnes of crude from 5 antithetic lipid tankers.

The cargoes were delivered betwixt April 23 and May 21, 2025, and were astir 4.93 cardinal barrels, according to manufacture conversion rates.

The volumes amusement the refinery’s continued dependence connected imports to conscionable processing needs amid challenges successful getting section crude nether the Nigeria Domestic Crude Supply Obligation (DCSO).

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Source: Legit.ng