Dangote refinery got 60% crude supply locally – Report
Dangote Petroleum Refinery sourced 60% of its crude oil from Nigeria in the 12 months to June 2026, according to its IPO prospectus. Read More: https://punchng.com/dangote-refinery-got-60-crude-supply-locally-report/
In the 12 months leading up to June 30, 2026, the Dangote Petroleum Refinery sourced approximately 60% of its crude feedstock from Nigeria, according to the refinery's initial public offering prospectus. This amounted to around 116 million barrels of crude oil, with supplies coming from a mix of domestic producers, international oil companies, and the Nigerian National Petroleum Company (NNPC) Limited.
The refinery processed approximately 26.4 million metric tonnes of crude feedstock during the same period, which, using a conversion factor of 7.33 barrels per metric tonne, translates to about 193.5 million barrels. The prospectus did not specify the exact composition of the 116.1 million barrels sourced from Nigeria, breaking down the contributions from NNPC, international oil companies, and domestic producers.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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