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Nigeria's Dangote Receives First Crude Cargo

REFINING

Nigeria’s 650,000 bpd Dangote refinery has received its first crude cargo after Platts reported Thursday it was imminently arriving.

  • The first cargo was a 1mn bbl shipment of light sweet Nigerian grade Agbami.
  • It is the first of six planned cargoes in the short-term totalling 6mn bbls for a startup requirement of 350,000 bpd.
  • At full capacity, it will be able to produce 156,000 bpd of diesel, 52,000 bpd of jet fuel, 60,000 bpd of heating oil and 326,000 bpd of gasoline among other products – enough to support domestic demand and allow some exports.
  • The refinery is set-up to run on light African crude grades but has the flexibility to run on Saudi Arab Light and US light grades too.
  • The refinery will conform the Euro V specifications and disrupt flows from Northwest Europe, a big gasoline supplier to the region.
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