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    HomeBusinessDangote Refinery set to process 100% local crude

    Dangote Refinery set to process 100% local crude

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    Dangote Industries Limited is poised to rely entirely on Nigerian crude oil by the end of 2025, potentially displacing hundreds of thousands of barrels of imported crude daily.

    This is revealed by the latest report by Bloomberg.

    According to Bloomberg, the refinery received about half of its crude in June from local producers who will be able to sell more to the facility as their foreign supply obligations end.

    “We expect some of the long-term contracts will expire,” vice president at Dangote Industries, Devakumar Edwin said in an interview last week at the sprawling site. “Personally, and as a company, we expect that before the end of the year we can transition 100% to local crude.”

    Dangote sold the idea of the massive plant as a way for Nigeria, the top oil producer on the continent, to stop sending barrels to Europe only to be refined and shipped back as costly imports — a process rife with corruption.

    The gradual ramp-up of the refinery has already made Nigeria a net exporter of petroleum products, with room to go before reaching capacity. Still, the effort required large quantities of overseas crude after domestic traders failed to meet demand.

    Nigeria has seen a withdrawal of oil majors from onshore and shallow water fields that have been taken over by local companies with fewer resources.

    Meanwhile, supply contracts with foreign companies, crude theft and attacks on pipelines in the Niger Delta have curbed production reducing the availability of oil at home.

    Dangote refinery operates a 650,000-barrel-per-day refinery, the largest in Africa.

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