Dangote Refinery Expected to Reach Full Capacity in 30 Days

Dangote Oil Refinery, Africa's largest facility, is set to begin operating at full capacity within 30 days, according to Edwin Devakumar, the refinery's head. Currently processing at 85% capacity, the 650,000-barrel-per-day facility in Lagos has faced challenges in securing adequate local crude supplies, prompting it to turn to imports. The refinery, which started processing products like diesel and jet fuel in January 2023, aims to compete with European refiners. In a significant development, it recently completed the sale of two jet fuel consignments to Saudi Aramco, highlighting its growing importance in the global oil market. As part of its expansion strategy, the refinery is actively exploring new international markets for its refined products. The Nigerian oil regulator has imposed quotas on local producers to ensure supply to domestic refineries, further emphasizing the local dynamics affecting operations.