Excitement As $20bn Dangote Refinery Receives Crude Oil

The Dangote refinery, Nigeria’s $20bn oil plant, has received its first shipment of crude oil on Thursday, marking a significant milestone for the country’s oil industry. The refinery, which was officially commissioned by former President Muhammadu Buhari in May, is expected to start production soon.

According to a West African oil trader, the OTIS tanker, carrying 950,000 barrels of Nigeria’s Agbami crude, left the port on December 6 and arrived at Lekki, the nearest land port to Dangote’s offshore crude receiving terminal. The tanker was chartered by the Nigerian National Petroleum Company (NNPC), which owns a 20% stake in the refinery and has agreed to supply 6 million barrels of crude oil as feedstock to the plant in December.

The arrival of the first crude oil shipment was met with excitement and anticipation, as the refinery is set to transform Nigeria’s oil sector and reduce its dependence on imported petroleum products. The refinery, which has a capacity of 650,000 barrels per day, is the largest single-train refinery in the world and will produce gasoline, diesel, jet fuel, kerosene and polypropylene.

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