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Raw material: Dangote forecasts a capacity of 550,000 bpd by the end of 2024

23/07/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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En raison de l' insuffisance des cargaisons qui lui sont livrées par la compagnie pétrolière nigériane NNPC, the Dangote refinery is forced to turn to crude imports.

The Nigerian Aliko Dangote announced this Saturday, July 20, that his oil refinery plans to reach 85% of its production capacity by the end of the current year, or a level of 550,000 barrels per day (bpd) by the end of the current year. According to him, “the refinery, which operates at about 50% of its total capacity of 650,000 barrels per day, intends to start producing gasoline from August, which will increase its capacity.” The refinery, whose construction required an investment of 20 billion USD, had already concluded a supply agreement with the French group TotalEnergies in May, after launching a tender to identify suppliers capable of supplying it with 2 million barrels of West Texas Intermediate (WTI) crude per month per month, for a year starting in July

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