Dangote Refinery Imports First UAE Crude Amid Local Supply Crunch

The Dangote Petroleum Refinery has purchased two cargoes of crude oil from the United Arab Emirates. This marks the refinery’s first-ever procurement of Middle Eastern grades as it expands its feedstock sources amid domestic shortages. S&P Global reports that these cargoes follow a temporary restoration of exports through the Strait of Hormuz after a US–Iran agreement. Until now, the 700,000-barrel-per-day plant relied mainly on Nigerian, African and US crudes. An existing naira-based pact with the national oil company secures 13–15 Nigerian cargoes each month. But terminal bottlenecks and low supply forced CEO David Bird to seek additional grades abroad. Dangote aims to double capacity to 1.4 million barrels per day by 2028. At that scale, it could process 80% of Nigeria’s daily output and blend up to 30% Middle Eastern crude per train.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.