Obasempire reports that the Dangote Refinery in Lagos is negotiating with Libya to import crude oil for its 650,000 barrels per day facility as it boosts production.
The Vice President of Dangote Industry Limited (DIL), Devakumar Edwin, disclosed this to American media outlet Reuters on Sunday.
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The Vice President also mentioned that the refinery will seek crude from Angola since the Nigerian National Petroleum Corporation (NNPC) Limited has been unable to satisfy the demands of the 650,000 bpd facility.
Since commencing operations in January, Dangote has encountered challenges in obtaining sufficient crude supplies within Nigeria.
Despite being Africa’s top oil producer, the country contends with theft, pipeline sabotage, and insufficient investment.
Consequently, Dangote has turned to importing crude from as distant locations as Brazil and the United States.
“We are talking to Libya about importing crude.
“We will talk to Angola as well and some other countries in Africa,” Edwin said in a statement.
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He mentioned that international traders and oil companies were among the largest buyers of Dangote’s gasoil, much of which was being exported.
Edwin noted that Dangote’s oil trading arm was operational, with staff in London and Lagos, to manage supplies and sell products.
“The biggest off-takers are the two big traders Trafigura and Vitol and BP and, to some extent, even TotalEnergies. But all of them are saying they are taking it to offshore,” Edwin said.
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