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Dangote sets to buy 12m barrels of crude oil from United States for refinery operations

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Aliko Dangote

 

The Dangote Petroleum Refinery is awaiting up to 12 million barrels of crude oil from the United States.

The refinery resorted to crude importation as local supply challenges hindered the new $20bn refinery’s push to reach full refining capacity.

Recall that the refinery plans to reach its 650,000 barrels per day capacity in June this year.

However, low local crude supply from the Nigerian National Petroleum Company Limited is currently a challenge to this plan to ramp up daily production.

The 12 million barrels of crude has already left the United States and will land in Nigeria next month, according to the news from African Report.

“About 12 million barrels of crude have departed the US and should arrive in Nigeria by February,” an insider source told The Africa Report.

Dangote Petroleum Refinery is said to be importing more crude oil as supply from the NNPC becomes insufficient for fuel production at the $20bn Lekki-based facility.

Officials at the plant said the facility has ramped up production to about 500,000 barrels per day, with the target of hitting the 650,000bpd mark by June this year.

The NNPC is reportedly struggling to supply 350,000bpd to the Dangote refinery from the 450,000bpd crude meant for Nigeria’s local consumption.

With its current production capacity of 500,000bpd, officials said there is a need to look beyond the shores of Nigeria for the feedstock.

It was said that the feedstock needed by the refinery daily cannot be solely supplied by the state-owned oil company, NNPC.

Recall that in July, President Tinubu ordered the NNPC to sell crude oil to local refineries in naira.

According to the crude oil production forecast of producing oil companies and the refining requirement of functional refineries in Nigeria signed by the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, the Dangote refinery would require 550,000 barrels of a blend of Nigerian crude oil daily, 17.05 million barrels monthly, and 99.55 million barrels between January and June 2025.

The Dangote refinery is already building eight more tanks to store imported crude. The facility is planning to stockpile imported crude oil as local supplies become unreliable.

Officials of the refinery were quoted as saying that low crude supply from the NNPC “is driving import dependence.”

The building of eight additional tanks will see crude storage capacity at the refinery jump by 41.67 per cent to 3.4 billion litres.

“Importing crude from other countries instead of buying locally means that our crude stockpiles will have to be higher,” the Vice President in charge of the oil and gas business at Dangote Industries, Devakumar Edwin, was quoted as having said recently.

In May 2024, the refinery reportedly issued a term tender for the purchase of two million barrels of West Texas Intermediate Midland crude monthly for 12 months starting in July last year, amounting to 24 million barrels of crude in one year.

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President Tinubu Renames Varsity After Yusuf Maitama Sule

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President Bola Tinubu has renamed the Federal University of Education in Kano the Yusuf Maitama Sule Federal University of Education.

Alhaji Sule, 1929–2017, contributed significantly to Nigeria’s socio-political development throughout his illustrious career.

He served as Nigeria’s Permanent Representative to the United Nations in New York, where he was Chairman of the UN Special Committee Against Apartheid.

He also served as Chief Whip of the Federal House of Representatives (1954–1959), Leader of Nigeria’s Delegation to the Conference of Independent States (1960), First Federal Commissioner of Public Complaints (1976), and Minister of Mines and Power.

President Tinubu believes that immortalising Ambassador Sule’s legacy will inspire younger generations to uphold integrity, patriotism, character, and nationalism.

The Federal University of Education, Kano, is one of seven specialised universities of education under the Federal Government.

In a statement by Special Adviser to the President on Information and strategy Bayo Onanuga said as a federal university of education, it will continue to play a pivotal role in training teachers, further strengthening Nigeria’s education sector.

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El-Rufai Dumps APC, Joins SDP

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Former Kaduna State Governor, Nasir Ahmad El-Rufai, has officially resigned from the All Progressives Congress (APC), citing the party’s deviation from its founding principles. In a statement released on Monday, March 10, 2025, El-Rufai announced his defection to the Social Democratic Party (SDP), vowing to rally opposition forces against the APC ahead of the 2027 elections.

El-Rufai, a founding member of the APC, recalled his role in the party’s formation, expressing disappointment over its current state. He lamented that those now in control of the APC have shown no interest in addressing what he described as an “unhealthy situation” within the party.

“It had been my hope since 2013 that my personal values and that of the APC would continue to align until I retire from politics. However, developments in the last two years have shown that this is no longer the case,” he said.

He further stated that despite raising concerns privately and publicly about the party’s direction, nothing had been done to change its course.

Departure from APC and Shift to SDP

El-Rufai announced that he had formally resigned from the APC by submitting his letter to his ward in Kaduna, effective immediately. He emphasized that before taking this step, he consulted with mentors, colleagues, and loyalists nationwide.

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“As a loyal party man, I worked to help secure the APC’s election victories in 2015, 2019, and 2023. However, the party has since strayed and left me stuck in the vision of its well-meaning founding fathers and mothers. The APC has castrated its organs and treated its membership with contempt. I find this no longer acceptable.”

Declaring his new political home, El-Rufai revealed that he had joined the Social Democratic Party (SDP), which he intends to use as a platform for future political engagements.

Plans to Challenge APC in 2027

Beyond his defection, El-Rufai pledged to mobilize opposition forces under a unified front to challenge the APC in upcoming elections.

As a member of the SDP, I will focus on engaging with and persuading other opposition leaders and parties to join us and congregate under a unified democratic platform to challenge the APC in all elections and bye-elections between now and 2027,” he said.

El-Rufai called on his supporters and Nigerians concerned about the country’s future to join the SDP in the quest to restore Nigeria’s democracy and governance.

His defection marks a significant shift in the political landscape, given his influence and past role in shaping the APC. Analysts believe his move to the SDP could signal the start of a broader realignment among political figures ahead of the 2027 general elections.

Reactions and Implications

While the APC is yet to officially respond to El-Rufai’s exit, political observers note that his departure could embolden other discontented members to follow suit. The SDP, once a dormant party, may now emerge as a formidable opposition force, especially if El-Rufai succeeds in attracting key political figures to its ranks.

As Nigeria moves towards another election cycle, all eyes will be on how this new political development reshapes the contest for power.

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Abacha’s Family Cautions IBB for Changing June 12th Narrative

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Family of late Head of State, Gen. Sani Abacha (rtd) has cautioned former Military President Gen. Ibrahim Babangida against tarnishing the image of the former military leader.

A statement on Sunday by Mohammed Abacha, the Abacha family noted that Gen. Babangida had in his recent book titled, “A Journey in Service” alleged that the annulment of the June 12, 1993, presidential election “was the responsibility of the late General Sani Abacha.”

Abacha’s family said the claim sparked widespread controversy and necessitate a clear response in the interest of historical accuracy and justice.

The statement which described the allegation as false, said, “Any attempt to shift this blame onto General Sani Abacha, who was a very senior military officer within the regime, is a deliberate distortion of historical facts. For years, various actors have attempted to rewrite the history of that critical period in Nigeria’s democratic evolution.”

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The family in the statement argued that Gen. Abacha was neither the Head of State nor the Commander-in-Chief at the time the June 12 election was annulled, saying, “The decision to annul the election was made under the administration of General Ibrahim Babangida, who, as the then Head of State, held absolute executive powers and was solely responsible for the actions of his government.”

Abacha’s family also urged Nigerians to be “wary of revisionist narratives that seek to manipulate public perception for personal or political reasons”, stressing that “The memory of our late father and leader, General Sani Abacha, must not be tarnished by baseless accusations meant to absolve those who were truly responsible.”

On how Gen. Abacha saved Gen. Babangida, Abacha’s family said, “We also find it necessary to state that at the time General Babangida’s life was under threat, it was General Abacha who came to his rescue, ensuring his safety.”

“We regret that ‘A Journey in Service’ missed the opportunity and failed to make history as a truthful and objective account of past events. As one public commentator aptly put it, honesty, sincerity, and integrity are virtues not commonly associated with the author.”

Daily Trust

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