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OIL PRODUCTS: Dangote to Hit 65% Utilisation in Q4: Kpler

OIL PRODUCTS
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The Dangote refinery’s utilisation rate should reach 65% by Q4, with Euro VI-grade gasoline production commencing in Q2, Kpler said.

  • However, achieving these targets hinges on crude and feedstock availability, Kpler added.
  • Dangote currently operates at 360k b/d, following its FRCC’s brief shutdown in late Jan.
  • Dangote saw the first crude imports from Angola and Cameroon, a strategic move in diversifying feedstocks.
  • Once reliant on Nigerian and US crude, Dangote is now securing alternative African suppliers to stabilise procurement amid fluctuating domestic output.
  • Dangote’s priority remains boosting gasoline yields, Kpler said, which currently stand at 32%-55%, Consequently, there is significant room for growth.
  • At full 650k b/d capacity, gasoline is expected to account for 294k b/d.
  • Dangote’s eventual expansion will disrupt global trade flows, pressuring Europe-WAF gasoline flows.
  • Dangote has consistently exported naphtha, gasoil, LSFO, and low-sulphur diesel since H1 2024, and 20-40 ppm sulphur gasoline since October, Kpler added.

 

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The Dangote refinery’s utilisation rate should reach 65% by Q4, with Euro VI-grade gasoline production commencing in Q2, Kpler said.

  • However, achieving these targets hinges on crude and feedstock availability, Kpler added.
  • Dangote currently operates at 360k b/d, following its FRCC’s brief shutdown in late Jan.
  • Dangote saw the first crude imports from Angola and Cameroon, a strategic move in diversifying feedstocks.
  • Once reliant on Nigerian and US crude, Dangote is now securing alternative African suppliers to stabilise procurement amid fluctuating domestic output.
  • Dangote’s priority remains boosting gasoline yields, Kpler said, which currently stand at 32%-55%, Consequently, there is significant room for growth.
  • At full 650k b/d capacity, gasoline is expected to account for 294k b/d.
  • Dangote’s eventual expansion will disrupt global trade flows, pressuring Europe-WAF gasoline flows.
  • Dangote has consistently exported naphtha, gasoil, LSFO, and low-sulphur diesel since H1 2024, and 20-40 ppm sulphur gasoline since October, Kpler added.

 

Keep reading...Show less