The Dangote Refinery is preparing to stop importing crude oil from the United States and other foreign sources, with a target to rely exclusively on Nigerian crude by the end of 2025.
Vice President of Dangote Industries, Devakumar Edwin, disclosed the company’s new supply strategy in an interview with Bloomberg. He revealed that the refinery has already begun transitioning to domestic crude, with local producers accounting for more than half of its supply in June.
“We’re seeing a shift in supply patterns,” Edwin said. “We expect that once several long-term contracts with foreign sellers expire, we’ll be in a position to fully source crude locally before the year ends.”
Data reported by Bloomberg showed that 53 percent of the refinery’s crude feedstock in June was supplied by Nigerian producers, while 47 percent came from the United States.
To meet this goal, Edwin noted that an increase in Nigeria’s crude production will be necessary in the coming months. The refinery, which began operations in 2023, has previously imported crude from the U.S., Brazil, Angola, Ghana, and Equatorial Guinea.
Meanwhile, the refinery is scheduled to receive five shipments of crude oil from the Nigerian National Petroleum Company Limited (NNPC) in July, with an identical volume planned for August, based on internal cargo allocation documents reviewed by Bloomberg.
In a related development, the Dangote Refinery announced a reduction in the ex-depot price of Premium Motor Spirit (PMS) to ₦820 per litre on Tuesday, reflecting ongoing adjustments in its operations and pricing strategy.
The Dangote Refinery, regarded as Africa’s largest, is expected to play a key role in Nigeria’s energy independence by significantly cutting reliance on imported refined products and foreign crude.