Dangote Petroleum Refinery sourced an estimated 116 million barrels of crude oil from Nigeria in the 12 months ended June 30, 2026, accounting for about 60 per cent of the refinery’s total crude feedstock, according to details contained in its initial public offering prospectus.
The refinery processed approximately 26.4 million metric tonnes of crude during the period, equivalent to about 193.5 million barrels using a conversion factor of 7.33 barrels per metric tonne.
Applying the 60 per cent domestic sourcing ratio gives an estimated 116.1 million barrels supplied from Nigerian sources, while the remaining 40 per cent was sourced from international markets.
According to the prospectus, the domestic volumes came through term contracts with NNPC Limited, including the Federal Government’s crude-for-naira programme, as well as spot purchases from international oil companies and domestic producers. However, the document does not disclose how the estimated 116.1 million barrels were divided among NNPC, IOCs and other domestic producers. Under its crude supply arrangements, Dangote said it has access to volumes of up to 350,000 barrels per day, subject to availability and the terms of the relevant agreements.
The refinery’s reliance on both domestic and international crude reflects a deliberate feedstock diversification strategy. Dangote said it had processed 36 different crude grades from Africa, South America, the United States and the Middle East by June 30, 2026. Its economics and planning team uses a proprietary linear programming model to assess each crude grade against expected product yields, refinery configuration, operating constraints and prevailing refined-product prices before determining its economic value.
The prospectus also disclosed that Dangote does not depend on a dedicated upstream pipeline connecting the refinery directly to oilfields. Instead, crude is delivered through marine vessels using the refinery’s offshore single-point moorings and associated onshore pipeline infrastructure, reducing its exposure to disruptions on upstream pipeline networks. The refinery said its international sourcing arrangements also provide access to alternative crude grades when preferred domestic or international supplies are unavailable.
Despite the diversified sourcing model, Dangote warned that its crude arrangements do not guarantee uninterrupted supply. It identified supplier non-performance, upstream production disruptions, restrictions by oil-producing countries and security incidents in the Niger Delta among the risks to feedstock availability, noting that inadequate crude supply could reduce throughput, increase unit production costs and weaken refining margins.