Dangote Refinery is set to import crude from the United States of America in the coming months
Trafigura Group sold 2 million barrels of WTI Midland to Dangote refinery for end-February delivery, said traders with knowledge of the matter.
This is the first time that the giant refinery has purchased non-Nigerian crude, traders told Bloomberg.
Africa’s largest refinery’s move to import crude from the US is a sign of just how competitive American barrels have become in the global market, Bloomberg reported on Monday.
The multi-billion dollar refinery is also reportedly expecting two million barrels of crude oil from Trafigura Group in February.
The Dangote Petroleum Refinery and Petrochemical Project, a subsidiary of Dangote Industries Limited, is a 650,000 barrels per day crude oil refinery, located in Dangote Industries Free Zone, Ibeju-Lekki, Lagos State.
