• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Dangote Refinery to Process 100% Nigerian Crude by End of 2025

3 months ago
in Business, Energy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
88
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

EIA Rattles Oil Markets With Reports of Crude Oil, Product Builds

Dams for Development? Unpacking Tensions in the World Bank’s Hydropower Policies

Chart of the Week: Dollar’s Share of Reserves Held Steady in Second Quarter When Adjusted for FX Moves

Dangote Refinery to Process 100% Nigerian Crude by End of 2025

Dangote refinery will be fully reliant on Nigerian crude by the end of 2025, according to Devakumar Edwin, vice president of Dangote Industries.

Dangote refinery will be fully reliant on Nigerian crude by the end of 2025, according to Devakumar Edwin, vice president of Dangote Industries.

The 650,000-barrel-per-day refinery, owned by Aliko Dangote, Africa’s richest man, sourced half of its crude supply from local producers in June. That share is expected to grow, as more Nigerian suppliers choose to sell directly to the refinery rather than meet export obligations, Bloomberg reported.

“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% to local crude,” Edwin said.

The $20 billion Dangote refinery, which began operations in 2024 after years of delays, is now producing aviation fuel, diesel, gasoline, and naphtha. Ranked by Bloomberg as having a higher capacity than the ten largest refineries in Europe, it stands as a major milestone for Nigeria and Africa’s energy sector.

From import dependence to net fuel exporter

Though still ramping up to full capacity, the refinery has already transformed Nigeria into a net exporter of petroleum products. However, meeting initial demand required large volumes of imported crude, as local traders were unable to supply sufficient quantities.

Since opening, the Dangote refinery has sourced crude from countries including Brazil, Angola, Ghana, and Equatorial Guinea. Improving coordination between the refinery, local oil traders, and the Nigerian government is expected to ensure a more consistent supply of domestic crude, according to Devakumar Edwin.

Still, a significant boost in local output will be needed in the coming months. In June, 53% of the refinery’s crude came from Nigerian producers, while 47% was imported from the U.S. The plant is currently processing around 550,000 barrels of crude per day, Edwin said.

Source: businessinsider
Via: norvanreports
Tags: Dangote RefineryDangote Refinery to Process 100% Nigerian Crude by End of 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Sinner Dominates Tien to Secure China Open Title

President Mahama Vows Tougher Action on Cybercrime, Promises Collaboration with Global Partners

Government to Establish Cyber Security Fund to Bolster Digital Defences

Headline Inflation Hits Single-Digit With 9.4% Rate in September 2025

Bank of Ghana Prices 1oz Gold Coin at GHS 49,131.99

Ghana Hosts IGAD Delegation on Land Governance Exchange

Trending

Business

EIA Rattles Oil Markets With Reports of Crude Oil, Product Builds

October 1, 2025

EIA Rattles Oil Markets With Reports of Crude Oil, Product Builds Crude oil inventories in the United...

Dams for Development? Unpacking Tensions in the World Bank’s Hydropower Policies

October 1, 2025

Chart of the Week: Dollar’s Share of Reserves Held Steady in Second Quarter When Adjusted for FX Moves

October 1, 2025

Sinner Dominates Tien to Secure China Open Title

October 1, 2025

President Mahama Vows Tougher Action on Cybercrime, Promises Collaboration with Global Partners

October 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.