Dangote’s Nigerian Crude Grab to Shake Up Atlantic Oil Markets
- Refinery is set to take 400,000 barrels a day of local crude
- Deliveries to sharply curtail West African crude supply: FGE
The Dangote Industries Ltd. oil refinery and fertilizer plant in Lagos.
Photographer: Benson Ibeabuchi/BloombergThis article is for subscribers only.
Dangote oil refinery is due to take in up to 400,000 barrels a day of Nigerian crude over the coming two months as Africa’s largest plant transforms the region’s import and export markets.
The giant refinery outside Lagos is scheduled to take delivery of about 24 million barrels of Nigerian supply in October and November, as it increasingly turns to local feedstock, according to a list of cargo allocations seen by Bloomberg News.