Wednesday, 17 July 2024.

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Dangote Refinery to import crude oil from United States

By Mo Isa

Recently commissioned Dangote Refinery will be importing crude oil from the United States in the coming months, SaharaReporters reports.

According to the report, traders with knowledge of the matter said Trafigura Group sold 2 million barrels of WTI Midland to Dangote refinery for end-February delivery.

This is the first time that the giant refinery, the biggest in Africa, has purchased non-Nigerian crude, traders said.

The report said the petrochemical company had recently received the fourth crude shipment of one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited, NNPC and is expecting the fifth crude shipment, anytime from now.

The fresh one million barrels of crude was the fourth consignment to be delivered to the Dangote facility out of the six million barrels of crude being expected by the world’s largest single-train refinery.

It would be recalled that Dangote Refinery had earlier, received three million barrels of crude.

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Managing director of Dangote Ports Operations, Akin Omole, told newsmen at the Dangote Quay, Ibeju-Lekki, Lagos that the Refinery will receive about four million crude shipment before the end of 2023 and the remaining two by the early of January 2024.

He said, the crudes supply would put the Refinery in good stead to commence operation. The company stated, once the six million barrels are fully delivered, it will facilitate the initial run of the refinery as well as kick-start the production of diesel, aviation fuel, and LPG before subsequently progressing to the production of Premium Motor Spirit, PMS.

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Mo Isa
Mo Isa
Mo Isa is writer whose pen only curate the latest news within your neighbourhood.

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