Dangote Refinery secures 5 million barrels of US crude for upcoming months, marking a strategic move to diversify sourcing amid efforts to reduce Nigeria's foreign fuel dependency.
Dangote has reportedly purchased 5 million barrels of US crude for delivery next month and in September, with plans to acquire an additional 6 million barrels through a tender process for September.
The refinery has focused on American crude due to availability and competitive pricing, aiming to reduce Nigeria's reliance on foreign fuel. Despite initial test runs with local supplies, the refinery's significant intake of US feedstock signals strategic sourcing amid ongoing operational developments.
