The Dangote Petroleum Refinery in Nigeria is set to receive a significant shipment of crude oil from the United States. Up to 12 million barrels are on their way, set to arrive in Nigeria next month. This import comes after the refinery faced challenges with local crude supply, which is preventing it from reaching its full production potential.

The $20 billion refinery, located in Lekki, Nigeria, aims to refine 650,000 barrels of oil per day by June 2025. However, local supply issues, particularly from the Nigerian National Petroleum Corporation (NNPC), have made it difficult for the refinery to get enough crude oil. Currently, the refinery is producing around 500,000 barrels per day, but to meet its target, it needs more oil. This is why Dangote Refinery has turned to the US for help.

The 12 million barrels of crude oil that have already left the US are expected to land in Nigeria next month. This shipment will help the refinery meet its production goals and ensure a steady supply of fuel products like petrol, diesel, and aviation fuel.

The refinery is also preparing for more imports in the future by building eight new storage tanks. This will increase its storage capacity by 42%, ensuring it can store more crude oil as local supplies from NNPC remain unpredictable.

With local supply falling short, Dangote Refinery is becoming increasingly reliant on foreign sources of crude oil. This strategy will help the refinery achieve its production goals, supplying fuel not only to Nigeria but also to other countries.