Close Menu
PARADIGM NEWS
    Facebook X (Twitter) Instagram
    • Home
    • Privacy Policy
    Facebook X (Twitter) WhatsApp Telegram
    PARADIGM NEWS
    • Home
    • Features

      I’ll dress elegantly for a week, lady vows as Kano women storm markets

      March 29, 2025

      Dr. Abdullahi Umar Ganduje’s Legacy of Progress and Excellence

      December 25, 2024

      The rise and fall of Faruk Lawan: A lesson in power and intrigues

      December 17, 2024

      Will The Axing of Zakirai Make Education Great In Kano

      December 17, 2024

      Harmattan Brings Boom to Tea, Noodle, Bean Cake Sellers in Kano

      December 15, 2024
    • News
      1. Local
      2. National
      3. International
      4. View All

      Eid: Dangote Cement Strengthens Govt-Community Ties in Kogi

      June 8, 2025

      Fire Destroys Goods Worth Millions at Farm Centre GSM Market

      June 6, 2025

      Bagwai Indigene Uplifts GGSS Kiyawa with Modern Facilities

      May 30, 2025

      Traditional Ruler Tasks Parents On Inculcating Moral Values On Their Children

      May 30, 2025

      NAWOJ Commends Ondo CPS for Supporting Journalists’ Widows

      June 6, 2025

      President Tinubu Confers National Honour on Bill Gates

      June 4, 2025

      Minister Advocates Stronger Female Representation In Politics, Business

      May 31, 2025

      Nigeria Vows Stronger Border Control, Warns Against Sovereignty Breach

      May 30, 2025

      UK, 29 Others Decry Sudan Humanitarian Convoy Attack

      June 7, 2025

      NIPR President Elected Global Alliance Regional Delegate-at-Large

      May 16, 2025

      Just in : Minister Ata Arrives Kazan for 2025 Intl Economic Forum

      May 15, 2025

      Renowned Philanthropist Mrs. Maryam Imoke Yanah Recieves Warrior of Hope Award

      April 27, 2025

      Kano Deputy Gov Commiserates with Farm Centre GSM Market Traders

      June 8, 2025

      Kano Entrepreneur Battles Legal Harassment Over Trademark Dispute

      June 5, 2025

      AMG Foundation Boosts Kano NGO Office with Technical Support

      June 5, 2025

      Farmtrac Nigeria Denies Allegation of Substandard Work

      June 4, 2025
    • Politics

      How Ganduje is strengthening APC’s fortune ahead of 2027

      May 25, 2025

      Prepare for Exit in 2027-Jigawa Gov Tells PDP Lawmakers

      May 19, 2025

      APC North-West Endorses President Tinubu for 2027

      May 18, 2025

      Gauta Club Backs Kano State’s Ban on Live Political Programs

      May 12, 2025

      Kano Lawmaker Zubairu Hamza Massu Dumps NNPP for APC

      May 12, 2025
    • Conflict

      Kadpoly Retiree faults Committee, Demolition Of Property

      March 27, 2025

      President Tinubu Declares State of Emergency in Rivers State

      March 18, 2025

      El-Rufai Defends Najaatu Muhammad Against Ribadus Denials

      February 5, 2025

      Tinubu’s Corruption Saga: Najaatu-Ribadu Feud Takes Center Stage

      February 5, 2025

      Kano Inaugurates Committee to Investigate Rimin Zakara Dispute

      February 3, 2025
    • More
      • Analysis
      • Business
      • Crime
      • Cultural events
      • Economy
      • Education
      • Editorial
      • Entertainment
      • Environment
      • Fashion
      • Health
      • Lifestyle
      • Personality profile
      • Science
      • Sports
      • Technology
    • Hausa

      Dangote Ya Sanya Sunan Tinubu a Hanyar Shiga Matatar Man Fetur

      June 7, 2025

      NAHCON Ta Tabbatar da Tsaro Bayan Gobara a Masaukin Alhazai

      June 7, 2025

      Sarki Sanusi Ya Umarci Hakimai Su Shigo Kano Yin Hawan Sallah

      June 3, 2025

      Zakarun Gasar Alkur’ani Sun Samu Gidaje Umrah da Tallafin Karatu

      June 3, 2025

      Ba Mu Ba ‘Yan Majalisa Tikitin Atomatik ba- Jam’iyar APC

      June 3, 2025
    Subscribe
    PARADIGM NEWS
    Business

    Dangote Refinery to Import 12 Million Barrels of Crude Oil from US

    EditorBy EditorJanuary 29, 2025Updated:January 30, 2025No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    1735900215182

    The Dangote Petroleum Refinery is awaiting up to 12 million barrels of crude oil from the United States.

    The refinery resorted to crude importation as local supply challenges hindered the new $20bn refinery’s push to reach full refining capacity.

    Petrol Hike: Dangote Refinery Absorbs 50% of Global Oil Increase

    Ad 4

    Recall that the refinery plans to reach its 650,000 barrels per day capacity in June this year.

    However, low local crude supply from the Nigerian National Petroleum Company Limited is currently a challenge to this plan to ramp up daily production.

    The 12 million barrels of crude has already left the United States and will land in Nigeria next month, according to the news from African Report.

    Ad 3

    IPMAN, Dangote Refinery Seal Deal to Ensure Steady Fuel Supply

    “About 12 million barrels of crude have departed the US and should arrive in Nigeria by February,” an insider source told The Africa Report.

    Dangote Petroleum Refinery is said to be importing more crude oil as supply from the NNPC becomes insufficient for fuel production at the $20bn Lekki-based facility.

    Officials at the plant said the facility has ramped up production to about 500,000 barrels per day, with the target of hitting the 650,000bpd mark by June this year.

    Dangote Refinery Debunks Claims of Overpriced PMS

    The NNPC is reportedly struggling to supply 350,000bpd to the Dangote refinery from the 450,000bpd crude meant for Nigeria’s local consumption.

     

    With its current production capacity of 500,000bpd, officials said there is a need to look beyond the shores of Nigeria for the feedstock.

     

    It was said that the feedstock needed by the refinery daily cannot be solely supplied by the state-owned oil company, NNPC.

     

    Recall that in July, President Tinubu ordered the NNPC to sell crude oil to local refineries in naira.

     

    According to the crude oil production forecast of producing oil companies and the refining requirement of functional refineries in Nigeria signed by the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, the Dangote refinery would require 550,000 barrels of a blend of Nigerian crude oil daily, 17.05 million barrels monthly, and 99.55 million barrels between January and June 2025.

     

    The Dangote refinery is already building eight more tanks to store imported crude. The facility is planning to stockpile imported crude oil as local supplies become unreliable.

     

    Officials of the refinery were quoted as saying that low crude supply from the NNPC “is driving import dependence.”

     

    The building of eight additional tanks will see crude storage capacity at the refinery jump by 41.67 per cent to 3.4 billion litres.

     

    “Importing crude from other countries instead of buying locally means that our crude stockpiles will have to be higher,” the Vice President in charge of the oil and gas business at Dangote Industries, Devakumar Edwin, was quoted as having said recently.

     

    In May 2024, the refinery reportedly issued a term tender for the purchase of two million barrels of West Texas Intermediate Midland crude monthly for 12 months starting in July last year, amounting to 24 million barrels of crude in one year.

    Share. Facebook Twitter LinkedIn Telegram WhatsApp

    Related Posts

    NNPC Shuts Down Port Harcourt Refinery For Maintenance

    May 25, 2025

    Ajrena Foods Launches Peanut Processing Factory in Kano

    May 21, 2025

    Nigeria Customs Pledges Support for Renewable Energy Trade

    May 21, 2025

    Dangote Assures Petrol Price Stability Amid Rising Crude Oil Prices

    May 20, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    Eid: Dangote Cement Strengthens Govt-Community Ties in Kogi

    June 8, 2025

    United Athletics Series Ends in Lagos

    June 8, 2025

    Kano Deputy Gov Commiserates with Farm Centre GSM Market Traders

    June 8, 2025

    Dangote Ya Sanya Sunan Tinubu a Hanyar Shiga Matatar Man Fetur

    June 7, 2025
    Hajaj Albait 2
    © 2025 PARADIGM NEWS
    • Home
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.