Dangote Refinery has unveiled plans to completely phase out crude oil imports from the United States and other countries by December 2025, focusing instead on 100 percent domestic crude supply.
According to a Bloomberg report, Devakumar Edwin, Vice President of Dangote Industries, revealed that the refinery received approximately 53 percent of its crude supply from Nigerian producers in June, with the remaining 47 percent sourced from the United States.
"We expect some of the long-term contracts will expire. Personally, and as a company, we expect that before the end of the year we can transition 100 percent to local crude," Edwin stated during an interview.
This strategic shift comes as domestic producers are expected to increase their supply capacity to the refinery as their foreign supply obligations reach conclusion. Edwin emphasized that achieving this goal would require a significant boost in local oil production over the coming months.
Since commencing operations in 2023, the Dangote facility has purchased crude from various international sources including the United States, Brazil, Angola, Ghana, and Equatorial Guinea to meet its operational requirements.
The refinery is scheduled to receive five cargoes from Nigeria's state oil company in July, with an equal allocation planned for August, according to cargo allocation listings representing millions of barrels of crude.
In a related development, Dangote Refinery recently announced a reduction in its ex-depot price of Premium Motor Spirit (PMS) to N820 per litre, potentially signaling improved operational efficiency as the company works toward greater reliance on local crude sources.
The transition to fully domestic crude supply aligns with Nigeria's long-standing goal of reducing dependence on imported refined petroleum products while maximizing the value chain of its oil industry.
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