Nigeria’s Dangote refinery is reselling crude, sources say

Author Logo | Fri, 26 Jul 2024 15:12:39 GMT

LONDON/BRUSSELS, July 26 (Reuters) – Nigeria’s major Dangote Oil Refinery is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on Friday.

A Dangote executive, asked about the offers and talk in the market that the refinery is having operational issues affecting the crude distillation unit, said the CDU is in operation. He did nOt immediately respond when asked about the crude offers.

The 650,000 barrel-per-day refinery, located near Lagos, started operations earlier this year. (Reporting by Ahmad Ghaddar, Julia Payne and Libby George, additional reporting by Isaac Anyaogu in Lagos, editing by Alex Lawler and Louise Heavens)

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