The Dangote Petroleum Refinery plans to stop importing crude oil by December 2025 and rely solely on Nigerian crude, according to Devakumar Edwin, Vice President of Dangote Industries.
The refinery, which currently processes 550,000 barrels of crude per day, expects to source all its feedstock locally by the end of the year.
“We expect some of the long-term contracts will expire. Personally, and as a company, we expect that before the end of the year, we can transition 100 per cent to local crude,” Edwin said.
Existing supply contracts with foreign producers are due to expire. The refinery has been sourcing 53% of its crude from domestic producers and 47% from the United States.
Improved cooperation between the refinery, local traders, and the Nigerian government is expected to ensure a consistent supply of local crude.
Earlier this year, Aliko Dangote revealed that the refinery had to source oil from countries like Brazil, Angola, Ghana, and Equatorial Guinea due to shortfalls in domestic supply. Crude theft, pipeline attacks, and resistance from local oil producers to comply with the Domestic Crude Supply Obligations (DCSO) policy were cited as contributing factors.
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