Aliko Dangote's 20 Billion Refinery To Process All Nigerian Crude By Year-end

Dangote Refinery to process 100 Nigerian crude by 2025, slashing fuel imports and boosting local oil market.

The refinery now sources 53 of crude locally, and expects full domestic supply as foreign contracts expire.

Africas biggest refinery ramps up to 650,000 bpd, reinforcing Nigerias role as regional fuel exporter.

The Dangote Petroleum Refinery, Africas largest refinery owned by the continents richest billionaire, Aliko Dangote, plans to source 100 percent of its crude from Nigerian producers by the end of 2025, marking a major milestone in Nigerias oil industry.

Devakumar Edwin, vice president at Dangote Industries overseeing the plant, told Bloomberg, We expect long-term foreign crude contracts to expire and transition entirely to domestic supply before year-end. This shift promises to reduce Nigerias dependence on imported refined fuels, curbing corruption and inefficiencies in the supply chain.

Since commissioning, the refinerys gradual ramp-up has already turned Nigeria into a net exporter of diesel, gasoline and aviation fuel. Still, the facility leaned on crude from Brazil, Angola, Ghana and Equatorial Guinea after local production fell short of demand.

Nigeria, an OPEC member, has seen majors retreat from onshore and shallow-water fields, handing concessions to smaller local operators. Combined with pipeline theft and militant attacks in the Niger Delta, domestic output has fluctuated, crimping available feedstock.

Improved ties with state oil firm NNPC and local traders, Edwin added, will secure a steady supply of Nigerian barrels. In June, 53 percent of the refinerys feedstock was sourced locally the remaining 47 percent came from the US, per Bloomberg data.