Dangote Refinery to Get More Nigerian Crude to Ease Local Supply
Fuel storage at the Dangote Industries oil refinery in Lagos.
Photographer: Benson Ibeabuchi/BloombergNigeria is set to increase the number of crude cargoes allocated to the Dangote Refinery in a bid to boost domestic supply of refined products as the Iran war chokes traditional global energy routes.
The move is part of measures taken by Nigerian government to mitigate supply shocks and improve product availability, according to two officials of the state-owned Nigerian National Petroleum Company Plc, who did want to be named because they are not authorized to speak publicly. Higher crude supply to the refinery is expected to translate into increased output of refined products, they said.