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The Dangote oil refinery is planning to end crude importation by December 2025, according to a report by Bloomberg. The refinery, which has a capacity of 650,000 barrels per day, is expected to rely fully on Nigerian crude by the end of the year.

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Devakumar Edwin, Vice President at Dangote Industries, said that the contracts with foreign crude suppliers would expire, and the refinery would source its feedstock locally. “We expect some of the long-term contracts will expire. Personally, and as a company, we expect that before the end of the year, we can transition 100 per cent to local crude,” Edwin said.

The refinery received about half of its crude in June from local producers, who would be able to sell more to the facility as their foreign supply obligations end soon. Edwin added that improved relations between the refinery, local oil traders, and the government would result in a steady supply of Nigerian crude.

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The refinery is currently processing 550,000 barrels of crude per day and has received five cargoes from the Nigerian National Petroleum Company Limited in July, with the same amount allocated for August. Each shipment holds almost a million barrels of crude.

The gradual ramp-up of the refinery is already making Nigeria a net exporter of petroleum products, despite challenges with crude supply. The development is expected to boost the local economy and reduce the country’s reliance on imported petroleum products

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