NewStats: 3,264,500 , 8,183,902 topics. Date: Wednesday, 11 June 2025 at 10:33 AM u2z3m

The Dangote oil refinery in Nigeria, Africa’s largest crude processing facility, has been buying increasing volumes of U.S. crude WTI despite the fact that Nigeria is the biggest crude oil producer in Africa.

But Africa’s top OPEC member has been struggling to materially boost domestic crude output, so the 650,000-barrels-per-day refinery has been sourcing more WTI crude as the facility is ramping up to capacity.

So far this year, U.S. crude has ed for a third of the purchases of the Dangote refinery, according to vessel-tracking data compiled by Bloomberg.

A large part of the American crude feeding Nigeria’s refinery is the WTI Midland grade, the data showed.

The reason for the high U.S. crude intake is both technical and logistical.

WTI offers higher yields of reformate and has better gasoline blending capabilities, Randy Hurburun, senior refinery analyst at Energy Aspects, told Bloomberg.

Moreover, some of the market for WTI crude in Asia shrank this year with the U.S.-China trade war, which made more American crude from Midland available to other markets.

At the same time, Nigerian crude availability has declined amid the Dangote refinery ramp-up, a spokesperson for the company told Bloomberg.

In June, U.S. crude will have a bigger share in Dangote’s imports compared to Nigerian crudes, according the data compiled by Bloomberg.

Dangote began fuel production in 2024. The refinery started up in January last year with the launch of diesel and naphtha production and began producing gasoline in September.

The refinery, built by Africa’s richest person, Aliko Dangote, has a total processing capacity of 650,000 bpd, which makes it Africa’s biggest and one of the world’s largest crude processing sites.

The refinery is expected to meet 100% of Nigeria’s demand for all refined petroleum products and will also have a surplus of each of the products for export.

Source: https://oilprice.com/Latest-Energy-News/World-News/Africas-Biggest-Refinery-Boosts-US-Crude-Oil-Purchases.html

If we can make our crude exploration and production more efficient to generate enough to sell our OPEC+ quota and also have enough to sell to local market like Dangote Refinery.

And we are able to reduce corruption to a minimum......Nigeria will turn around.

Eid Mubarak.

Okay

With Trump in the oval office, I would go to the US too if I was Dangote. This is the best thing he can do. And he will be able to supply Nigeria and neighbouring nations fuel.

Also, Nigeria can generate money from its crude oil. The truth is that until FG privatise everything about oil, that industry will never do anything good.

Dangote only needs to make sure that government gets its fees and taxes regularly. No one stops him from buying from the US. In fact, this is a good news for alhaji.

On the other hand, Dangote should "calm down" ooooo. Everyone knows he is as selfish as most Nigerians...so, no one is doing anyone any favor. Na business guy man dey do.

Good luck to Nigerians..

No country can be totally self sufficient.

Economic's law of comparative advantage says that counties should import what they cannot efficiently produce and vice versa.

This is a great development. It will deepen the relationship between Nigeria and USA. But this should be checkmated to tackle the deficit this will add to our import/export trade with USA.

datola:
No country can be totally self sufficient.

Economic's law of comparative advantage says that counties should import what they cannot efficiently produce and vice versa.

This is a flawed analysis and don't apply to Nigeria in this case. Ours is a case of corruption and weak leadership at the centre.

The refinery alone cannot meet our demands except in a severely depressed economy.

malali:


Source: https://oilprice.com/Latest-Energy-News/World-News/Africas-Biggest-Refinery-Boosts-US-Crude-Oil-Purchases.html

Good for business

Where the funds dey go

what is even wrong with this our nigeria?

why is everything going the way of corruption?

so even the crude wey we get no fit still work directly for us?

nigerian leadership is really a terrible thing that really needs to be studied

All these grammar doesn't give the true picture which is that Buhari collected upfront payments for most of the crude and Dangote can't force the owners to sell to him until they exhaust their allocation, all he has is the much left with NNPC which is not enough to feed his massive refinery and even NNPC has been trying to make provisions for it's Baban-Bola iron condemn scrapyard called refineries

As Nigeria is the biggest crude oil producer with abundant crude oil ..we should not be even importing crude oil....this is why the naira is depreciating and devaluing and losing value against the dollars because of too much of importation and importing crude oil that is abundant here .where have you heard Saudi Arabia importing crude oil

malali:
If we can make our crude exploration and production more efficient to generate enough to sell our OPEC+ quota and also have enough to sell to local market like Dangote Refinery.

And we are able to reduce corruption to a minimum......Nigeria will turn around.

Eid Mubarak.

You guys are so naive.

The largest refinery in of processing capacity is in India.

Also India has witnessed massive investments in petrochemical refining.

India doest have a single drop of oil and India's refining capacity is far higher than its domestic demand.

So why is India seeing a surge in investments into refining crude ?

The answer is simply down to outsourcing.

Canadian and Russian crude form the bulk of India's supply source.

In the case of Canada, the leftist environment alarmists shut down most of Canada's refinaries via huge taxes and regulations. So most of Canada's crude gets shipped to India were it is refined and sent back to Canada.

Russian crude is also refined in India and then sold to Europe due to sanctions ..

As per Dangote reginary, the aim was never to supply local markets but to replicate the Indian model but with subsidized crude.

This is why Dangote went to import crude from the US when NNPC refused to supply crude to his refinary.

Waiting for Dangote to reduce refined product prices in Nigeria is a pipe dream.

If anything, Dangote refinary that seeks foriegn .markets as its major destination will be the standard going forward as more investors will be seeing if Dangote can work , then they will open their own refineries that are meant to supply foriegn markets .

malali:


Source: https://oilprice.com/Latest-Energy-News/World-News/Africas-Biggest-Refinery-Boosts-US-Crude-Oil-Purchases.html

With the way Dangote news have been making headline, i guess the number of petrol slashes is finally getting to and end, and Dangote is ready to take the price to an all time high.

Most likely 3 to 4 more reductions and he's jerking the price up. SMH

Now because Tinubu is not giving Dangote crude we have created a new hyra headed problem that will take time to exist because America will now make sure Dangote keeps buying their crude

Authoreety:
what is even wrong with this our nigeria?

why is everything going the way of corruption?

so even the crude wey we get no fit still work directly for us?

nigerian leadership is really a terrible thing that really needs to be studied

Don't Know ooo Yet You will see Nigerians Praise The Leaders Especially the Youths..

malali:
If we can make our crude exploration and production more efficient to generate enough to sell our OPEC+ quota and also have enough to sell to local market like Dangote Refinery.

And we are able to reduce corruption to a minimum......Nigeria will turn around.

Eid Mubarak.

we can't sell our opec quota cos more than half of oil bring produced is uned for via OIL THEFT.

I wdnt even call it oiltheft, cos it's actually performed based on understanding between the thieves, militants and indigenes of areas where the oil is being produced or where certain pipeline es thru.

More than half is being lost thru stealing.& Understanding.

An anomaly that we hope gets corrected soon.

Like Burkina can we trust the quantity they are declaring. Dangote needs to be able to source crude locally.

malali:


Source: https://oilprice.com/Latest-Energy-News/World-News/Africas-Biggest-Refinery-Boosts-US-Crude-Oil-Purchases.html

Absolutely agree.

nairamaniac:
we can't sell our opec quota cos more than half of oil bring produced is uned for via OIL THEFT.

I wdnt even call it oiltheft, cos it's actually performed based on understanding between the thieves, militants and indigenes of areas where the oil is being produced or where certain pipeline es thru.

More than half is being lost thru stealing.& Understanding.