Dangote Refinery Faces Crude Supply Shortfall, Turns to Imports – CEO
The Dangote Refinery is currently receiving only five crude oil cargoes monthly, far below its expected requirement of 15, a development that has forced the facility to source crude from international markets.
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Chief Executive Officer, David Bird, disclosed that the shortfall in domestic crude supply is significantly affecting the refinery’s operations and efficiency.
According to him, the gap in supply has compelled the refinery to purchase crude oil from abroad to sustain production, raising concerns about cost implications and supply stability.
Industry analysts note that the situation underscores ongoing challenges in Nigeria’s crude allocation and supply chain, despite the country’s status as a major oil producer.
The refinery, one of the largest in Africa, is expected to play a critical role in reducing Nigeria’s dependence on imported petroleum products. However, consistent crude supply remains essential to achieving its full operational capacity and stabilising the domestic energy market.
Dangote Refinery Faces Crude Supply Shortfall, Turns to Imports – CEO