NewStats: 3,260,962 , 8,172,913 topics. Date: Wednesday, 28 May 2025 at 02:38 AM 4g3m2v

Dangote Oil Refinery in Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates.

According to a document seen by Bloomberg, the Dangote plant, built by Africa’s richest man, Aliko Dangote, issued a so-called term tender for the purchase of 2 million barrels a month of West Texas Intermediate Midland crude for 12 months starting in July.

The tender for overseas oil — from a refinery that’s situated in Africa’s largest producer nation, highlights how influential the plant will be in global crude and fuel trading. It will be the largest fuelmaking facility in Africa when fully up and running.

The tender closes at 3 p.m. on May 21.

The tender shows how Nigerian crudes are struggling to compete against American supply, one trader of West African barrels said.

An official at Dangote didn’t immediately respond to a request for comment.

The refinery is a 650,000 barrels per day (BPD) integrated refinery project under construction in the Lekki Free Zone near Lagos, Nigeria. It is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility.

In March, the Nigerian government stated that it would be very embarrassing if Port Harcourt, Kaduna, Warri, Dangote and BUA refineries did not get enough crude oil locally for the production of petroleum products after they were fully ready.

The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, said the refineries and modular refineries in the country might not get enough crude oil locally without an increase in production in the sector.

https://saharareporters.com/2024/05/16/dangote-refinery-buy-24-million-barrels-us-crude-oil-report

Nigeria’s Mega Refinery Seeks Millions of Barrels of US Oil
Dangote seeks 2 million barrels of Midland a month from July
Nigeria has been struggling to boost its crude production

Nigeria’s new Dangote mega refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates, a sign of the challenges that Africa’s largest producer faces in lifting its own oil output.

The plant, built by Africa’s richest man Aliko Dangote, issued a so-called term tender for the purchase of 2 million barrels a month of West Texas Intermediate Midland crude for 12 months starting in July, according to a document seen by Bloomberg. The tender closes on May 21.

https://www.bloomberg.com/news/articles/2024-05-16/nigeria-s-new-mega-refinery-seeks-millions-of-barrels-of-us-oil?srnd=homepage-middle-east

Good

I hope the people who thought Buhari and Tinubu will give free crude oil from their states to Dangote can now rest

rertylentl:
Nigeria one of world's largest crude oil producers now buys crude oil from US. Tinubu have mechanic brain

Dangote is buying crude oil from suppliers in the USA, not Nigeria

Refinery wer nobe only him get🤧

Capital flight.

People still expecting anything from this govt are just wasting their time.. don't expect the dollar to go down anytime soon

Hmmmmm

Paraman:
Dangote is buying crude oil from suppliers in the USA, not Nigeria

part of nigeria he is.

We import everything including the so-called oil we explore, and someone is telling me that Nigeria is getting better

Dangote is a business man. His private company can buy crude from anywhere in the world. Anyone from tinubu or obi camp who is paid Should set up his/her own refinery period.

Niger delta people and our oil singers can rest now!




Crude oil can be sourced anywhere!

My own Refinery will be in Ibadan city or Kano city!

rertylentl:
Nigeria one of world's largest crude oil producers now buys crude oil from US. Tinubu have mechanic brain

When you have no clue just keep your mouth closed

People will assume you are smart
It is not compulsory to speak

The issue is beyond your knowledge and brain power

You simply have no clue

Nothing will work in9ja. What is happening to our crude oil for dangote not to buy and refine?

I'm not an economics, but with such news , naira is going to depreciate further. I've left this trend for forex expert ... Please do well to tell us where naira is going ,wether make I just hold my usdt and Bitcoin

That's what you see when you have numerous stake holders in a particular business or company...

Now here is the major share holders in dangote business

Aliko dangote
Emefele
Peter obi
Atiku
Late Herbert wigwe
Buhari
Chimaroke nnamani
Nyako
Femi otedola

rertylentl:
Nigeria one of world's largest crude oil producers now buys crude oil from US. Tinubu have mechanic brain

Ozuor. Una no go get brain to reason after numerous aggressive masturbations. See how u de talk rubbish because brain wey u suppose use reason don de stressed out from fucking ur left hand.

This government has done us shege

Caspry5:
People still expecting anything from this govt are just wasting their time.. don't expect the dollar to go down anytime soon

You lack understanding!

Nigeria may not rise again!!!! I weep for this country called Nigeria. Who is our problem?

This country de slide enter gutter day by day
APC na disaster wallahi

rertylentl:
Nigeria one of world's largest crude oil producers now buys crude oil from US. Tinubu have mechanic brain

How will Peter pethief obi,the fraud, with his fish brain solve that kind of problem??

,

Paraman:
Dangote is buying crude oil from suppliers in the USA, not Nigeria

/
Wrong!

It specifically stated WTI--which is US crude oil.

/

..the staff bus that was hijacked, has it been resolved

Paraman:
Dangote is buying crude oil from suppliers in the USA, not Nigeria

This is 2years+ and you're still making a joke of yourself with this refinery?😂

Islie:

https://saharareporters.com/2024/05/16/dangote-refinery-buy-24-million-barrels-us-crude-oil-report




https://www.bloomberg.com/news/articles/2024-05-16/nigeria-s-new-mega-refinery-seeks-millions-of-barrels-of-us-oil?srnd=homepage-middle-east

No matter what DANGOTE will still sale diesel and fuel to nigeria at discount price

Still struggling to understand why NNPCL will part finance Dangote Refinery, but Dangote is going to buy Crude oil in USA whilst NNPCL has Crude oil in Nigeria

Alright