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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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Nigeria’s Democracy Survives Threats – General Abubakar

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Former military Head of State, Abdulsalami Abubakar, says Nigeria’s democracy has survived threats from forces seeking to destroy it.

Abubakar stated this at the public presentation of a book, ‘Celebrating 100 Years of Political Party Evolution in Nigeria — The Imperatives of Nigeria’s Political Stability: Issues and Solutions’, by the Inter-Party Advisory Council, IPAC, on Thursday in Abuja.

The ex-Head of State, who was represented by Abdulrasheed Aliyu, a retired general, said democracy has come to stay in Nigeria.

There is no substitute for the government of the people, by the people, and for the people, which democracy represents, as sovereignty resides with the people.

“I am happy that my government, as the then military head of state, ushered in this era of democracy when I handed over power to the elected president on 29th May 1999.

“My government laid this solid foundation for democratic governance. It also shows that when leaders are patriotic, passionate, resolute, and unwavering in building strong democratic structures and institutions, democracy can flourish and yield its dividends to citizens.

We should, therefore, keep watering and nurturing the tree of democracy, as there is no alternative to civil rule. Our democracy has been tested and shaken by reactionary forces and survived. It is a testament to citizens’ belief and resilience in representative governance,” he said.

It can be recalled that Abubakar was sworn in as Head of State after the death of Sani Abacha in June 1998.

He was Nigeria’s last military leader, who handed over power to democratically elected Olusegun Obasanjo in 1999, keeping his promise of returning the country to civilian rule.

He applauded IPAC for the foresight in articulating and writing this historic book on 100 years of political party evolution in Nigeria, saying it is a milestone in the nation’s democratic process.

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Prof. Gwarzo celebrates Abuja Varsity VC Prof. Aisha Maikudi on 42nd Birthday

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The Founder and President of MAAUN Group of Universities, Prof. Adamu Abubakar Gwarzo, has congratulated the Vice Chancellor of University of Abuja, Prof. Aisha Sani Maikudi, on her 42nd birthday.

The congratulatory message is contained in a statement personally signed by Prof. Gwarzo and made available to newsmen in Kano on Friday.

Prof. Gwarzo, who described the celebrant as an epitome of scholarship, elegance and courage, hailed her for her patience and humility.

“On behalf of MAAUN Group of Universities, I wish to congratulate Prof. Aisha Sani Maikudi who is a Professor of International Law on the milestone in grace and good health,” he said.

Prof. Gwarzo prayed to Almighty Allah to continue to shower His blessings on the celebrant and her family.

He also prayed to Almighty Allah to grant the celebrant long life in good health to enable her to take the university to greater heights for the development of higher education in the country.

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Project Monitoring Tour: Ma’aji Sumaila Expresses Dismay Over School Project In Doguwa Local Government, Summons Contractor

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The Honorable Commissioner Ministry for Public Procurement Project Monitoring and Evaluation, Kano Comrade Nura Ma’aji Sumaila Expressed dismay over the lack of tangible development about ongoing construction of the Kwankwasiyya Gida-Gida Blocks of 4 Classroom in Rufa’i town of Doguwa Local Government

Yesterday, the Honorable Commissioner expressed disappointment during the ongoing monitoring tour over inability of the contractor to show up to the site despite percentage payment.

The Honorable Commissioner said that so far since the ongoing monitoring tour he has satisfied with most of the projects visited but he has not been happy with what he witnessed in Rufa’i town of Doguwa Local Government

“This is the only project that gives us a headache with the contractor nowhere to be found and with no progress report.”

“I have given an instruction to summon the contractor, to come to the office tomorrow so that we can hear directly from him.”

The Honorable Commissioner Comrade Nura Ma’aji Sumaila vowed to protect government interest in project implementation and emphasized on the quality of projects to ensure transparency, accountability and value for money in public procurement and projects implementation across the state.

The Honorable Commissioner yesterday took a tour, inspected six projects in Kiru, Tudun Wada and Doguwa local governments.

He inspected Upgrading/General Renovation of Kafin Mai Yaki Primary Health Care to General Hospital, construction of 5 kilometer road, Tudun Wada and general renovation of Rabiu Musa Kwankwaso College of Arts, Science and Remedial Studies, Tudun Wada.

Other Places visited by the honorable Commissioner included construction of 5 kilometer road at Doguwa local government and construction of Kwankwasiyya Gida-Gida Blocks of 4 Classrooms in Tudun Wada model and Rufa’i town, Doguwa local government

Sagiru Ado Abubakar, Information Officer, MPPPM&E, Kano

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