Dangote Petroleum Refinery imported a total of 40.40 million barrels of crude oil between May and June 2026, spending approximately $4.48 billion on feedstock purchases as it continued to ramp up operations and diversify its supply sources. The refinery’s significant crude imports underscore its growing role in Nigeria’s downstream petroleum sector and regional energy markets.

The imports were sourced from multiple countries, reflecting the refinery’s strategy of broadening its crude procurement channels amid domestic supply constraints. Recent purchases have included crude grades from Nigeria, Libya, and the United Arab Emirates, marking the refinery’s first-ever imports of Middle Eastern crude.

Industry data indicates that the refinery requires between 13 and 15 cargoes of crude oil monthly to sustain operations at higher production levels. While the facility continues to receive supplies from Nigeria’s state-owned oil company, imported crude has become increasingly important in meeting its feedstock requirements.

The refinery has steadily expanded production since commencing operations and recently exceeded its nameplate capacity of 650,000 barrels per day during performance tests. Analysts say the refinery’s increasing crude imports and rising output are strengthening its position as a major supplier of refined petroleum products within Nigeria and across international markets.

Experts believe the refinery’s aggressive crude procurement strategy could improve fuel availability, reduce dependence on imported petroleum products, and enhance Nigeria’s refining capacity. However, they also note that sustained operations will depend on reliable feedstock supply arrangements and continued investments in refining infrastructure.

The post Dangote Refinery Imports 40.4 Million Barrels of Crude in Two Months appeared first on Housing TV Africa.

The Nigerian National Petroleum Company Limited experienced a financial downturn in May 2026, with total earnings contracting by nearly 13 percent despite maintaining steady output across its oil and natural gas fields. According to data published in the national oil company’s recent Monthly Report Summary, monthly revenue dropped to N4.335 trillion from the N4.971 trillion recorded during the preceding month. This drop representing a N636 billion decline occurred alongside a slight reduction in monthly profit after tax, which slid from N481 billion in April to N462 billion in May.

Operational disclosures from the firm indicate that market dynamics and technical bottlenecks impacted overall earnings despite consistent volume extractions. The state-backed energy corporation maintained an average daily output of 1.73 million barrels of crude oil and condensates, complemented by a daily natural gas production rate of 7,774 million standard cubic feet. While upstream infrastructure performed optimally with a 98 percent pipeline availability rate, retail distribution channels faced tighter constraints, leaving fuel availability at NNPC retail stations at 57 percent during the month under review.

To mitigate future financial exposure, management revealed it is intensifying efforts to resolve technical issues, reservoir pressure declines, maintenance shutdowns, and lifting constraints. These interventions aim to minimize production deferments and ensure asset reliability going forward. Despite the monthly financial squeeze, the national oil firm remained a critical driver of public finance, contributing a cumulative statutory sum of N4.858 trillion to the Federation Account between January and May 2026.

Strategic energy infrastructure projects also advanced significantly during the review period. The Ajaokuta-Kaduna-Kano Gas Pipeline progressed to 94 percent completion and remains on schedule to initiate gas deliveries to the Federal Capital Territory later this year. Concurrently, the OB3 River Niger Crossing project reached 97 percent completion, with final tie-in and pre-commissioning milestones projected for full activation before the end of the third quarter of 2026.

Beyond its core commercial activities, the organization utilized its corporate foundation to deliver critical healthcare infrastructure in the South-East region. The company handed over a high-capacity 1.5 Tesla Magnetic Resonance Imaging diagnostic machine, along with specialized cooling and backup power systems, to the Nnamdi Azikiwe University Teaching Hospital in Nnewi, Anambra State. Corporate representatives emphasized that the new diagnostic unit will enhance early disease detection and significantly lower the necessity for inter-regional medical referrals.

The post NNPC Revenue Falls by N636bn Despite Stable Production appeared first on Housing TV Africa.

Dangote Petroleum Refinery has imported its first crude oil cargoes from the United Arab Emirates, marking a significant expansion of its crude sourcing strategy as the company seeks to strengthen feedstock availability amid persistent domestic supply constraints. The refinery purchased two cargoes of UAE crude, representing its first procurement from the Middle East.

The development signals a shift in the refinery’s crude procurement approach, which has largely depended on Nigerian, African, and United States crude grades. The move comes as the company continues to pursue a broader range of crude options to support stable operations and improve flexibility in its refining activities.

Dangote Refinery Chief Executive Officer, David Bird, had previously highlighted challenges associated with domestic crude availability and operational issues at some export terminals, noting that these constraints made it necessary to source additional supplies outside Nigeria.

Industry data indicates that the refinery has already imported crude grades from Angola, Ghana, Libya, and Guyana in 2026 as part of its efforts to diversify feedstock sources and maintain production levels. The refinery is also seeking to increase the number of crude grades it can process in pursuit of a fully merchant refining model.

Despite ongoing efforts by regulators to improve domestic crude supply arrangements, the refinery has increasingly relied on imported crude to sustain operations. Analysts say the latest UAE purchases underscore the refinery’s growing integration into global crude markets and its determination to secure reliable feedstock supplies.

The post Dangote Refinery Diversifies Supply With First UAE Crude Imports appeared first on Housing TV Africa.