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Nigeria's Dangote Refinery Tops 700,000 Barrels Per Day In Test

The Nigerian Dangote Petroleum Refinery, which is owned by Dangote Group, has increased its crude processing capacity to 700,000 barrels a day during a test conducted by the process licensors. This exceeds the nameplate capacity, 650,000 bpd, and marks a significant milestone in operations, according to a statement released on Thursday.

Devakumar?Edwin, vice-president for oil and?gas at Dangote Industries said that the ramp-up is part of a larger plan to expand the capacity to 1.4 million bpd in 30 months. This level could make the facility among the largest globally. The refinery owned by billionaire Aliko. Dangote began fuel production in the year 2024. Since then, it has increased output of petrol, diesel, and jet fuel.

It exports products to Saudi Arabia and the United States, as well as to African countries, such as the United Kingdom and France.

Dangote Refinery is a major global supplier, despite supply disruptions caused by Middle East tensions. African buyers are looking for more reliable suppliers.

Kpler data shows that exports rose to 353,000 barrels of oil per day from 168,000 in February. About half of this volume was exported to other African nations.

Analysts warn that it is still too early to determine if the surge represents a shift in trade patterns. This is especially true after exports dropped to 285,000 barrels per day in May.

Mick Strautmann is a market analyst at Vortexa. He said: "We are seeing a shift towards regional barrels with Dangote increasing its share in Africa's seaborne imports of fuel." David Bird, the Chief Executive of the refinery, said that it has a surplus of jet fuel and can supply international markets. The rising production is attracting increasing interest from international crude traders and suppliers. (Reporting and editing by Matthew Lewis in Lagos, Isaac Anyaogu)

(source: Reuters)