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Nigeria's Dangote Seeks WTI Term Tender for Millions of Barrels

OIL

Nigeria’s 650,000 bp Dangote refinery is seeking million of barrels of US WTI over the next year as it ramps up operations according to documents seen by Bloomberg.

  • The refiner issues a term tender to purchase 2 mn barrels a month of WTI Midland crude for 12 months starting in July.
  • The tender closes at 3 p.m. on May 21.
  • The refinery is expected to primarily process domestic Nigerian oil barrels as well as WTI.

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