Dangote Refinery has continued to intensify the diversification of its crude feedstock, reducing its dependence on Nigerian grades as it ramps up imports from Libya and other African producers to sustain high operating rates.
According to crude tracking data by Argus Media, domestic crude accounted for 71 percent of the refinery’s feedstock in July, down sharply from 85 percent in June, marking a significant shift in sourcing strategy at the 650,000-barrels-per-day Lekki-based refinery.
The refinery processed an estimated 595,000 barrels per day (bpd) of crude in July, lower than the record 660,000 bpd received in June but well above last year’s average.
The decline comes after an exceptionally strong June, while crude arrivals scheduled for August indicate that throughput is likely to remain robust.
The refinery’s crude slate was its most diversified yet, with five non-Nigerian grades delivered in a single month for the first time.
