The “THE TIMES OF INDIA” newspaper reported, citing a senior executive at the Dangote Refinery in Nigeria, that they are in talks with Libya to secure crude oil for the refinery, which has a capacity of 650,000 barrels per day. The refinery will also seek to obtain oil from Angola as it strives to overcome local supply issues.
The newspaper added that the $20 billion refinery, built by Africa’s richest man, Dangote, on the outskirts of Lagos, is the largest in Africa. It aims to end Nigeria’s reliance on imported fuel due to inadequate refining capacity.
The newspaper noted that since Dangote Refinery began operations in January, it has been unable to secure adequate crude supplies in Nigeria. Despite being Africa’s largest oil producer, Nigeria suffers from theft, pipeline vandalism, and low investment.
Devakumar Edwin, the executive director of Dangote Refinery, said, “We are talking with Libya regarding crude imports, and we will also talk with Angola and some other African countries.”
According to the newspaper, the minister declined to provide details about the talks.
He continued by saying that international traders and oil companies are among the biggest buyers of natural gas produced by Dangote, much of which is exported.
