Nigeria's Dangote Refinery Opens, to Process Crude from State Oil Firm, an Industrial Info News Alert
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Wednesday, November 8, 2023
Because the nation's three existing refineries have been largely shut in since 2020 (totaling 445,000 BBL/d of nameplate refining capacity), Nigeria since has had to rely on imports for 90% to 95% of its refined products. And all that oil--mostly categorized as light, sweet crude--needs to be exported, instead of being refined at home.
Key Points:
- Nigeria's state oil company, NNPC Limited, is expected to supply Dangote with up to six cargoes of crude oil this month for test runs, according to industry insiders who spoke with Reuters.
- Industrial Info also is tracking 22 projects, worth US$13.73 billion, that are tied to the Dangote Refinery.
- Industrial Info will continue to monitor the situation, including the Dangote crude unit's commissioning and utilization rates.
- In related news, Industrial Info learned at the London conference that NNPC is creating a new crude blend, which it calls "Nembe Crude."