The Dangote Petroleum Refinery sourced about 78 per cent of its crude oil feedstock from the Nigerian National Petroleum Company Limited and other indigenous producers between May and June 2026, The PUNCH reports.
Data from the refinery’s official May and June cargo discharge and pricing records, analysed on Thursday, showed that Nigerian grades supplied nearly four out of every five barrels processed by the refinery, accounting for about 78 per cent of its total crude intake, while imported barrels from Angola, Libya, Guyana, Ghana and other international trading blends made up the remaining 22 per cent
The data was released by the refinery to dispel rumours that its pricing moves in line with daily international crude oil prices. It said crude is purchased weeks or months in advance under contracts linked to monthly average pricing rather than spot market rates.
The crude inflow also reinforced the country’s position as the refinery’s dominant supplier despite increased imports from Angola, Libya, Guyana, and Ghana.
An analysis of crude cargoes delivered to the 650,000-barrels-per-day refinery showed that it received a total of 40.40 million barrels of crude during the two-month period, of which 31.43 million barrels came from Nigerian fields.
The remaining 8.97 million barrels, representing about 22 per cent of total supply, were imported from foreign producers and international trading blends. The cargo records further showed that the refinery took delivery of 21.47 million barrels in May and 18.93 million barrels in June.In May alone, Nigerian crude grades accounted for 16.74 million barrels, or 77.97 per cent of total deliveries, while foreign barrels stood at 4.73 million barrels, representing 22.03 per cent.