The Dangote Petroleum Refinery has resumed buying crude oil from the United States as part of its continuous endeavours to increase oil production and improve its refining capabilities.
The recent acquisition follows a three-month break in foreign crude purchases in favour of domestic supply.
According to a Bloomberg story published on Wednesday, the two million barrels of WTI Midland oil from Chevron Corp. are scheduled to arrive at the refinery next month.
The most recent occurrence might suggest that the refinery is not receiving enough crude supply from the Nigerian National Petroleum Company Limited or that the Federal Government’s naira-for-crude scheme has halted.
“Dangote refinery purchased its first shipment of US oil after a hiatus of three months as the site continues to ramp up production.
“The plant purchased about two million barrels of WTI Midland crude from Chevron Corp,” the report said.
According to tanker fittings obtained by Bloomberg, Chevron reserved the supertanker Azure Nova to transport petroleum from the US Gulf to Dangote on or around December 5.
