SEO Riders:
– Dangote refinery importing millions of barrels of U.S. WTI crude monthly, relying on foreign feedstock due to domestic shortages.
– Nigeria potentially losing billions annually to imported substandard fuel amid supply gaps and rising imports.
– Transition plan underway: refinery aims to shift to 100% domestic crude by end of 2025.
Dangote Petroleum Refinery continues to source significant quantities of U.S. West Texas Intermediate (WTI) crude, importing approximately 5 to 9 million barrels per month, as domestic crude supply from NNPCL remains insufficient. In June, the refinery sourced 47% of its crude from the U.S., with over 53% from Nigerian producers—highlighting ongoing dependence on foreign oil to sustain operations at its 650,000 bpd plant.
Nigeria is reportedly losing up to US $1.4 billion monthly due to reliance on imported crude by Dangote and other refineries—totaling about $8.6 billion in six months—amid fears over widespread circulation of substandard imported fuel. In response, Dangote executives have expressed confidence that the refinery will achieve 100% domestic crude sourcing by December 2025, pending improved coordination with NNPCL and local suppliers .
