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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.

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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 Power Supply to Improve in Two Weeks as Gas Pipeline Work Nears Completion

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By Yusuf Danjuma Yunusa

Nigerians can expect a steady improvement in electricity supply within the next two weeks, following the completion of maintenance work on a critical gas pipeline, according to Adebayo Olowoniyi, Chief Technical Adviser to the Minister of Power.

Speaking during an appearance on Arise TV on Thursday, Olowoniyi addressed the recent nationwide blackouts that have disrupted homes, businesses, and industries. His remarks came just days after the Minister of Power, Adebayo Adelabu, issued a public apology over the worsening power situation.

Olowoniyi defended the minister’s apology, framing it not as an admission of personal failure but as a demonstration of accountability. “I think, first of all, I’d like to start with the apology from the Honourable Minister, which we believe is all about taking leadership in the sector,” he said.

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“It is not necessarily directly his fault for the challenges that we have, but as the Minister of Power, it was the right leadership step to say, ‘I take ownership of this issue, and I’m going to prefer a solution that would ensure power supply comes back in the shortest available time.'”

The adviser attributed the recent grid instability to disruptions in a major gas pipeline, which supplies fuel to power plants responsible for approximately 75 per cent of the nation’s electricity generation.

“One of the major gas pipelines in Nigeria was undergoing maintenance, and gradually that process is being completed,” Olowoniyi explained. “We’re sure that within the next two weeks, full gas pressure will be back on the gas pipelines, and the power plants will be able to get enough gas at least to go back to their level of generation that they had in the last two to three months.”

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Court Orders Arrest of PDP Factional Chairman Kabiru Turaki for Skipping Trial

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By Yusuf Danjuma Yunusa

A High Court in the Federal Capital Territory (FCT) has issued a bench warrant for the arrest of Kabiru Turaki, a factional national chairman of the Peoples Democratic Party (PDP), following his failure to appear before the court.

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Justice U.P. Kekemeke issued the warrant on Thursday, ruling that the former minister had provided no valid justification for his absence from the proceedings.

The warrant stems from a one-count charge filed against Turaki by the Inspector-General of Police (IGP). The charge alleges that Turaki provided false information to the police in a petition dated October 2022.

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Youth Call on Ibrahim Little to Contest for Kano Governorship Under ADC

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The Kano Youth Concern Initiative has called on ADC chieftain Ibrahim Ali Amin Little to declare his intention to contest for the Kano State governorship under the platform of the African Democratic Congress (ADC).

The group made this known in a statement issued on Thursday, signed by its Chairman, Comrade Abubakar Junaid Binoni, and its Secretary, Saidu Muhammad Ahmad.

According to Binoni, it is high time the ADC chieftain stepped forward to contest for the governorship in order to salvage Kano from the grip of entrenched political godfathers who, in their view, have hindered the state’s progress.

“It is only an independent-minded leader with courage and vision that can drive rapid economic development in Kano, widely regarded as Nigeria’s commercial nerve centre,” Binoni stated.

He further emphasized that Little’s strong background in the private sector sets him apart from previous governors of the state, many of whom were largely career civil servants with limited exposure to private enterprise and, in some cases, products of political godfatherism.

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“Ibrahim Ali Amin Little possesses the administrative competence, business acumen, and strategic thinking required to reposition Kano for sustainable growth. His experience in the private sector gives him a practical understanding of job creation, investment attraction, and economic diversification—qualities that are critical for a modern and thriving Kano State,” he added.

The group also noted that Little’s longstanding interest in serving the state, dating back over a decade, reflects a deep sense of patriotism, resilience, and commitment to the welfare of the people.

“His passion and consistent efforts toward the governorship over the years demonstrate that his ambition is driven not by personal gain, but by a genuine desire to uphold the integrity and advance the interests of the people of Kano,” the statement read.

They expressed confidence that under Little’s leadership, Kano could witness significant transformation in key sectors such as commerce, infrastructure, youth empowerment, and industrial development, ultimately restoring the state’s status as a leading economic hub in Nigeria.

The group concluded by urging him to heed the call of the youth and formally declare his intention, stressing that they would not hesitate to explore all legitimate means to compel him to do so if he fails to respond.

“We strongly believe that the future of Kano depends on visionary leadership, and Ibrahim Ali Amin Little has what it takes to lead the state to greater heights,” Binoni said.

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