During a visit by the Technical Committee of the One-Stop Shop for the naira-for-crude initiative, Dangote disclosed that his $20 billion refinery has faced persistent difficulties securing adequate local crude, forcing a pivot to US-sourced feedstock.
“However, he noted that due to a shortage of domestic crude oil, the refinery has increasingly relied on imports from the United States to meet its needs in recent months,” a statement from the company read on Thursday, June 19.
Shipping data compiled by Bloomberg shows that from April to July 2025, the refinery is projected to import 17.65 million barrels of crude, primarily West Texas Intermediate (WTI) Midland.
This grade, known for its light and sweet qualities, has become the preferred choice, with US imports now accounting for one-third of the refinery’s crude intake this year.
