Dangote Industries Ltd. has announced plans for its 650,000-barrel-per-day refinery, the largest in Africa, to fully rely on Nigerian crude oil by the end of 2025, potentially eliminating the need for hundreds of thousands of barrels of imported crude daily.
According to a Bloomberg report, the refinery received approximately half of its crude supply in June from local oil producers, who are expected to ramp up deliveries as their foreign contracts gradually expire.
Speaking to Bloomberg, Devakumar Edwin, Vice President of Dangote Industries, stated: “We expect some of the long-term contracts will expire. Personally, and as a company, we expect that before the end of the year we can transition 100% to local crude.”
Edwin added that while the transition is in progress, achieving full domestic sourcing will require a significant increase in local production in the coming months. He also confirmed that the plant is currently processing 550,000 barrels per day, just shy of its full capacity.
The Dangote Refinery, a key project in Nigeria’s energy sector, was designed to help the country reduce its dependency on foreign refineries by processing crude oil domestically—a move seen as vital for economic self-sufficiency and energy security.
