Following the recent delivery of an additional one million barrels of crude oil to the refinery, two weeks after the initial one-million-barrel cargo, the Dangote Refinery is preparing to commence operations.
The refinery procured the first batch of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO), totaling six million barrels from various suppliers. The latest cargo, discharged into the refinery’s crude oil tanks, brings the total deliveries to approximately two million barrels.
Experts in the oil and gas sector see the refinery’s impending operations as a significant milestone with the potential to positively impact Nigeria and West Africa’s economies. NJ Ayuk, the Executive Chairman of the African Energy Chamber, emphasized the refinery’s capacity to produce 350,000 barrels per day, highlighting its role in making Nigeria self-sufficient in fuel production and enabling exports to regional neighbors.
Ayuk sees this development as a transformative step that could eliminate fuel subsidies, stabilize prices, and enhance supply consistency.