Nigeria’s Dangote Mega-Refinery Ramps Up Imports of US Crude
- Lagos plant creates a new flow of long-haul crude from US
- Inflows of American feedstock could be about to rise further
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Nigeria’s new Dangote mega-refinery is lapping up ever more US crude, bringing the barrels thousands of miles across the Atlantic ocean.
Dangote bought more than 16 million barrels of West Texas Intermediate crude oil so far this year, data compiled by Bloomberg show. In August and September, the proportion it will take from the US — as opposed to Nigerian barrels — may be set to rise, based on tenders for new supply seen by Bloomberg.