Dangote Refinery in Nigeria Adjusts Crude Purchases Amid Oil Price Fluctuations

The Dangote Refinery in Lagos, Nigeria, clarified that the drop in crude oil purchases by at least 50% is a strategic response to fluctuating global oil prices, not due to facility breakdowns. The refinery, managed by Devakumar Edwin, plans to purchase fewer barrels daily to manage inventory levels and ensure operational efficiency.

Despite reports of operational setbacks, the refinery is expected to operate at high rates by 2026. Edwin emphasized the refinery's periodic maintenance and recent reorganization efforts to address sabotage incidents.

Bubaray Dakolo, a traditional ruler, also supported the refinery's operational adjustments.