The Nigerian National Petroleum Company Limited (NNPCL) has allocated a total of 48.6 million barrels of crude oil to the Dangote Petroleum Refinery over the past ten months, according to our nvestigations.
Official data reviewed indicates that 3.4 million barrels were supplied in December 2023, followed by 3.5 million barrels in February 2024.
Further details reveal the monthly allocations as follows: 3.3 million barrels in March, 3.3 million barrels in April, 3.0 million barrels in May, 5.1 million barrels in June, 5.1 million barrels in July, 4.8 million barrels in August, and 5.6 million barrels in September 2024. The total for October 2024 deliveries has already reached 11.7 million barrels.
Despite these allocations, sources close to the Dangote Refinery have expressed concerns that the volume supplied is inadequate compared to the facility's installed refining capacity of 650,000 barrels per day.
The NNPCL has yet to disclose the crude oil requirements for Nigeria’s refineries, including Dangote's, for the last quarter of 2024.
In the second quarter of 2024, the government estimated that all Nigerian refineries, including Dangote's, required approximately 597,700 barrels per day, reflecting an increase from 483,000 barrels per day in the first half of the year.
This suggests that NNPCL may have allocated less than 50% of the refinery's production capacity to meet its needs.
