Dangote Petroleum Refinery sourced almost all of its crude oil feedstock from Nigeria in June, with domestic grades accounting for 94.73 per cent of the refinery's total crude intake during the month, an analysis by Petroleumprice.ng has shown.
The refinery received crude from 10 Nigerian oil grades, while Cabinda from Angola remained the only imported crude stream, contributing just 5.26 per cent of total deliveries.
Data reviewed by Petroleumprice.ng showed that the refinery processed 18.93 million barrels of crude across 21 cargoesin June, reinforcing its growing reliance on locally produced feedstock despite maintaining limited imports to optimise its refining slate.
Bonny Light emerged as the refinery's largest crude source, supplying 20.84 per cent of total receipts, closely followed by Forcados at 20.57 per cent. Together, the two grades contributed 41.41 per cent of all crude delivered to the refinery during the month.
Other Nigerian streams also featured prominently in the refinery's supply mix. Escravos accounted for 10.55 per cent, while Qua Iboe contributed 10.04 per cent. CJ Blend supplied 6.87 per cent, with Amenam and Agbami each accounting for 5.28 per cent.
Further contributions came from EA Blend at 5.27 per cent, Cawthorne at 5.02 per cent, and Utapate at 5.01 per cent.
The figures indicate that nearly 95 barrels out of every 100 barrels processed by the refinery in June originated from Nigerian oil fields, underscoring the refinery's increasing dependence on domestic crude supply as production stabilises and more local grades become available.
The only foreign crude received during the month was Cabinda, which supplied 996,349 barrels, representing 5.26 per cent of the refinery's June intake.
The procurement pattern aligns with the objectives of Nigeria's domestic crude supply framework, which seeks to prioritise locally produced crude for domestic refining while reducing dependence on imported feedstock. It also highlights the strategic importance of Nigerian grades such as Bonny Light, Forcados, Escravos and Qua Iboe in sustaining operations at Africa's largest single-train refinery.
During June, the refinery received crude valued at approximately $1.80 billion, with an average landed cost of about $95.25 per barrel, reflecting lower acquisition costs following the recent decline in international crude oil prices. The reduction in feedstock costs has coincided with successive cuts in refined product prices by the refinery in recent weeks.