Nigeria: Dangote Refinery Set to Receive 24m Barrels of Crude Oil in October and November

In a significant development, the Federal Government and Dangote Refinery have reached an agreement to pay for crude oil supplied to the facility in local currency.

This arrangement will enable the 650,000 barrels per day refinery to receive a substantial 24 million barrels of oil throughout October and November this year.

According to a report by Bloomberg on Monday, the Dangote Refinery, located just outside Lagos, is expected to take in up to 400,000 barrels of crude daily over the next two…