US EditionNigeria: With Dangote Refinery, Nigeria Would Have Excess Refined Petroleum for Export
- President Bola Tinubu visited the Dangote Refinery in Lagos on Thursday and praised it as a significant development and exemplary project.
- Tinubu’s visit came after his instrumental role, as former Lagos Governor, in initiating and overseeing the development of the Lekki Deep Sea Port and the establishment of the Lekki Free Trade Zone.
- During the visit, Dangote credited Tinubu as the driving force behind the refinery and praised the administration’s Nigeria First and Naira-for-Crude policies.
- The refinery, Africa's largest with 650,000 barrels daily capacity, began fuel production in 2024 and increasingly imports U.S. Crude for its ramp-up.
- The Dangote Refinery aims to fulfill Nigeria’s entire refined fuel requirements, help stabilize prices, and generate surplus products for export, thereby supporting the country’s economic recovery and advancing self-sufficiency.
14 Articles
14 Articles
Africa’s Biggest Refinery Boosts U.S. Crude Oil Purchases
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…
Nigeria’s Dangote Oil Refinery Is Buying Ever More US Crude
Where does a giant refinery in Nigeria, Africa’s largest oil producer, go to source the raw materials it needs to make fuels for the nation of 228 million people? Try crude fields around Midland in West Texas, about 6,500 miles away.
Dangote Refinery massive investment
President Bola Tinubu has described Dangote Refinery as a massive investment and point of reference. The president made this statement on Thursday when he visited the Refinery in Lagos. In a statement by the State House, Tinubu thanked Dangote for the initiative, describing it as a great point of reference. The president, during the visit, also commissioned the access road to the Lekki Deep Sea Port and applauded Dangote Industries Limited and t…
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