The Nigerian National Petroleum Corporation (NNPC) has scheduled the supply of four crude oil cargoes, totaling four million barrels, to the $20 billion Dangote Refinery in February.
With this allocation, the total supply to the refinery is expected to reach approximately one billion barrels of crude oil, with six million barrels already delivered to the plant.
The allocation is intended to support the refinery’s test run in the coming weeks. The Dangote Refinery is a significant project for Nigeria, aiming to make the country self-sufficient in fuel production and potentially allowing for fuel exports to neighboring West African countries.
Dangote received one million barrels of Nigeria’s Agbami crude on Monday, adding to the six million barrels received since December. NNPC supplied the refinery with four of the cargoes, contributing to the initial processing capacity of 350,000 barrels per day (bpd). The refinery aims to achieve full capacity by the end of the year.
Edwin Devakumar, Dangote’s group executive director for strategy, portfolio development, and capital projects, stated that the refinery did not request cargoes from NNPC for January, emphasizing the focus on starting refinery operations before accumulating additional inventory and costs. Once the initial run is successful, the refinery plans to line up more cargoes.
The Dangote Oil Refinery is a significant integrated project with a capacity of 650,000 barrels per day, located in the Lekki Free Zone near Lagos, Nigeria. It is anticipated to be the largest oil refinery in Africa and the world’s largest single-train facility.
