Dangote’s 650,000 b/d refinery has received its initial crude feedstock in the country, as reported by market sources and tanker tracking data, according to SP Global.

This development signals the commencement of fuel production at the long-awaited $19 billion facility after enduring years of delays.

The OTIS tanker loaded a 950,000-barrel cargo of Nigeria’s Agbami crude on Dec. 6 to Lekki, the nearest land port to Dangote’s offshore crude receiving terminal.

The Suezmax tanker, chartered by state-owned Nigerian National Petroleum Company, is the first of Dangote’s initial crude supplies as the giant new plant starts to ramp up operations, a West African oil trader said.

The privately owned refinery was officially completed in May but did not make any oil products due to a lack of domestic crude feedstock.

The long-awaited Dangote refinery, heralded as a game-changer for Nigeria and sub-Saharan Africa, was officially completed in May. However, it missed its production commencement target in August, facing several delays over the years primarily attributed to a shortage of domestic crude feedstock.

Operated by Chevron, Agbami is one of Nigeria’s largest deepwater developments pumping about 100,000 b/d in the central Niger Delta.

Agbami produces light sweet crude with a gravity of 47.9 API and a sulfur content of 0.04%, according to Platts’ Periodic Table of Oil. The crude is known in the market for yielding a large proportion of naphtha and kerosene.

NNPC has chartered some other tankers to transport further crude shipments from Nigerian offshore fields to the refinery later this month, the oil trader said.

Source: Business Insider