The first crude feedstock for Dangote’s 650,000 b/d refinery has arrived the country, according to SP Global quoting market sources and tanker tracking data
The analytical firm said the development indicated that fuel production at the new $19 billion facility is finally set to start after years of delays.
According to the report; the OTIS tanker loaded a 950,000 barrel cargo of Agbami crude on Dec. 6 and was discharged at the refinery’s terminal on Thursday.
The Suezmax tanker, chartered by state-owned Nigerian National Petroleum Company, is the first of Dangote’s initial crude supplies as the giant new plant starts to ramp up operations, a West African oil trader said.
The privately owned refinery was officially completed in May but has yet to make any oil products due to a lack of domestic crude feedstock.
NNPC, which owns a 20 per cent stake in the refinery, recently agreed to supply 6 million barrels of crude oil as feedstock to the refinery in December.
Operated by Chevron, Agbami is one of Nigeria’s largest deepwater developments pumping about 100,000 b/d in the central Niger Delta. Agbami produces light sweet crude with a gravity of 47.9 API and a sulfur content of 0.04 per cent, according to Platts’ Periodic Table of Oil. The crude is known in the market for yielding a large proportion of naphtha and kerosene.
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