Nigeria's Dangote refinery is in discussions with Libya to secure crude oil for its 650,000 barrels per day (bpd) plant and is also exploring options to source oil from Angola, according to a senior executive. However, since the refinery began operations in January, it has faced difficulties in securing adequate crude supplies within Nigeria. We will talk to Angola as well and some other countries in Africa," Dangote refinery senior executive Devakumar Edwin told Reuters. Edwin stated that Dangote's oil trading arm is now operational, with staff based in London and Lagos, to manage supplies and sell products. Dangote recently revealed plans to list the fertilizer and petrochemical divisions of the Dangote Refinery on the stock exchange in the first quarter of 2025.

Source: Libya Today July 21, 2024 14:50 UTC