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Dangote Receives Second Crude Cargo This Month

OIL

Nigeria’s 650kbpd Dangote oil refinery has received an 1mn barrels crude oil shipments from Shell, its second crude oil shipment this month, a company spokesperson said, cited by Reuters.

  • A Dangote spokesperson declined to say where the crude had come from but said the cargo would be discharged at the refinery outside Lagos on Wednesday.
  • Dangote expects more cargoes to be supplied this month from NNPC as well as one cargo from ExxonMobil.
  • S&P Global analysts said earlier this week the refinery is not expected to start commercial-scale refinery runs before 3Q 2024.
  • At full capacity, Dangote will be able to produce 156kbpd of diesel, 326kbpd of gasoline, 52kbpd of jet fuel and 60kbpd of heating oil.

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