The Dangote Petroleum Refinery is increasing its storage capacity by 6.29 million barrels, equivalent to 1 billion litres, as it prepares to stockpile imported crude oil. The $20bn refinery is building eight additional tanks, which will raise its crude storage capacity by 41.67% to 3.4 billion litres.
According to officials, the move is driven by unreliable local crude supplies from the Nigerian National Petroleum Company Limited (NNPC). Devakumar Edwin, Vice President of oil and gas at Dangote Industries, stated that importing crude from other countries requires higher stockpiles.
The refinery currently has 20 crude storage tanks with a capacity of 120 million litres each. It began producing diesel and aviation fuel in January 2024 and petrol in September, supplying products to the domestic market and exporting to several countries.
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