The Dangote Refinery and Petrochemical Company is reportedly importing crude oil from international suppliers as it gradually increases production at its facility.
This is in the face of ongoing fresh negotiations of the naira-for-crude agreement with the Nigerian National Petroleum Company Limited (NNPCL). The first deal ends on March 31, 2025.
Bloomberg reported that the 650,000 barrels per day refinery has recently sourced crude from the United States, Angola, and Algeria, among others.
Since the beginning of the month, the Dangote refinery has reportedly received over three million barrels of American crude, in addition to shipments from Angola and Algeria. (Channels)
