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Dangote Refinery Moves to Secure Libyan Crude
Nigeria's Dangote Refinery, a Mega Infrastructure Project
Nigeria's Dangote Refinery, an ambitious mega-infrastructure project, is in advanced talks with Libya to secure a crude oil supply agreement for its 650,000 barrels per day (bpd) plant, according to industry sources. The refinery, once completed, will be one of the largest in the world and is expected to significantly boost Nigeria's refining capacity.
Securing a Reliable Crude Supply
Securing a reliable and affordable crude oil supply is crucial for the success of the Dangote Refinery. Libya, with its vast oil reserves and strategic location neighboring Europe, has emerged as a key potential supplier. Negotiations between Dangote Refinery and Libyan officials are reportedly ongoing, with discussions centered around long-term supply contracts and favorable pricing terms.
The refinery, located in Lagos, Nigeria, is expected to receive its first crude oil cargo in the coming months. It is currently undergoing commissioning and testing phases, with plans to reach full capacity by the end of the year. The refinery's operation will not only boost Nigeria's domestic fuel production but also reduce its reliance on imported petroleum products.
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