The Dangote oil refinery is planning to end crude importation by December 2025. The refinery is willing to rely fully on Nigerian crude by the end of the year, a move that would replace hundreds of thousands of barrels a day of imported oil.
News men reported that the plant received about half of its crude in June from local producers who would be able to sell more to the facility as their foreign supply obligations end soon.
Vice President at Dangote Industries, who oversees the 650,000 barrel-a-day plant in Lagos, Devakumar Edwin, said the contracts with foreign crude suppliers would expire and the refinery would source its feedstock locally.
Recall the founder of the refinery, Aliko Dangote, said recently that the facility relied heavily on the United States for crude supply despite the naira-for-crude deal.
