To keep its refinery running smoothly, the Dangote Refinery in Lagos has made an order for about 12 million barrels of crude oil from the United States of America (USA).
This shipment of the oil is being awaited by the facility and should land in Nigeria next month, according to the news from African Report.
It was gathered that the $20 billion Dangote Refinery looked elsewhere for crude supply after it could not get enough from the Nigerian National Petroleum Company (NNPC) Limited under the crude-for-Naira deal ordered by President Bola Tinubu last year.
The refinery is working hard to reach full refining capacity of 650,000 barrels per day in June this year.
“About 12 million barrels of crude have departed the US and should arrive in Nigeria by February,” an insider source told The Africa Report.
Officials at the plant said the facility has ramped up production to about 500,000 barrels per day, with the target of hitting the 650,000bpd mark by June this year.
The NNPC is reportedly struggling to supply 350,000bpd to the Dangote refinery from the 450,000bpd crude meant for Nigeria’s local consumption.
With its current production capacity of 500,000bpd, officials said there is a need to look beyond the shores of Nigeria for the feedstock.
It was said that the feedstock needed by the refinery daily cannot be solely supplied by the state-owned oil company, NNPC.