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Nigeria’s 650,000-barrel-per-day Dangote refinery has imported 2 million barrels of crude from ADNOC of the United Arab Emirates, according to traders. The shipments mark the refinery’s first purchases of crude from the Middle Eastern producer.
The refinery took delivery of one cargo of Umm Lulu crude and another of either Das or Murban crude in June. Dangote declined to comment on the trades, while ADNOC did not immediately respond.
The purchases come as global crude markets have weakened, with more oil moving through the Strait of Hormuz after the U.S.-Iran ceasefire and as demand in Asia has softened. The shift has freed up more Middle Eastern crude for other regions.
Dangote has traditionally relied heavily on domestic supply from Nigeria’s state-owned NNPC, receiving about five to seven cargoes a month. The refinery has said it needs roughly 13 to 15 cargoes each month to run at the level it wants.
The refinery has also been exporting more middle distillates to Europe, helped by fuel shortages linked to shipping disruptions through the Strait of Hormuz. In May, it also sourced up to 65,000 barrels per day of Libyan crude, according to Kpler data.
