The Dangote Oil Refinery is poised to process up to 400,000 barrels of crude per day (bpd) in the next two months, marking a significant increase in production capacity.
to a cargo allocation list obtained by Bloomberg, the facility near Lagos is expected to receive around 24 million barrels of crude in October and November.
This shift highlights the refinery’s growing reliance on domestic crude supply, which could have significant implications for the West African crude market.
Ronan Hodgson, an analyst at FGE, noted that the refinery’s increased demand could tighten crude availability in the region, potentially pushing Nigeria’s crude exports below one million barrels per day.
The refinery is currently operating at 60-70% capacity, with plans to reach full output in the coming months.
As Dangote scales up production, experts believe Nigeria is moving closer to reducing its reliance on costly imports of refined petroleum products.
This would likely decrease West Africa’s need for gasoline and diesel imports as Dangote continues to ramp up processing.
