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Dangote Refinery has resumed the purchase of crude oil from the United States to ramp up refining capacity and production.
According to a Bloomberg report on Wednesday, the cargo conveying two million barrels of WTI Midland crude from Chevron Corp. is due to be delivered to the refinery next month.
The new purchase comes after a three-month hiatus in purchasing crude from foreign countries, focusing instead on domestic supply.
The latest development may be an indication that the naira-for-crude deal by the federal government may have stalled or that the refinery is not getting enough crude supply from the Nigerian National Petroleum Company Limited.
Dangote refinery purchased its first shipment of US oil after a hiatus of three months as the site continues to ramp up production.
“The plant purchased about two million barrels of WTI Midland crude from Chevron Corp.,” the report said

The Business NG Newspaper Description:

الناشرTuns Media & Comm Enterprise

فئةNewspaper

لغةEnglish

تكرارSemi-Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level

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