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Dangote Resumes US Crude Purchase After Three Months


By Esther Igomu 

Dangote Petroleum Refinery has recommenced the purchase of crude oil from the United States in its ongoing efforts to ramp up oil production and enhance its refining capacity.

 

The new purchase comes after a three-month hiatus in purchasing crude from foreign countries, focusing instead on domestic supply.

 

A report on Wednesday said the cargo conveying two million barrels of WTI Midland crude from Chevron Corp is due to be delivered to the refinery next month.

 

The latest development may be an indication that the naira-for-crude initiative by the Federal Government may have stalled or that the refinery is not getting enough crude supply from the Nigerian National Petroleum Company Limited.

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