This alleged new development is coming three months after the refinery committed to buying crude exclusively from Nigeria.
In the early stages of the refinery’s attempt to refine Premium Motor Spirits (PMS), often known as petrol, the Dangote refinery procured crude from external markets.
This was owing to the fact that Nigeria sold its crude to the refinery in dollars amongst other complications in securing adequate crude supplies within the West African country.
However, early in October, the Nigerian government decided to sell crude in its local currency to the refinery, prompting projections that Dangote would not import crude any longer.
However, a report by Bloomberg revealed that the Dangote refinery may have decided on importing crude from the US yet again.
According to an anonymous source with knowledge of the transactions, the refinery acquired about two million barrels of WTI Midland crude from Chevron Corp., which is set to be delivered in a month’s time.
Earlier this year, the refinery obtained one or two supertankers of US oil every month, in addition to domestic inventory.
However, shipments decreased in the summer when the refinery began to purchase the product more from its local market, after an agreement to accept up to 400,000 barrels per day of Nigerian crude paid for in local currency.
Dangote has assumed a more significant role in the US and European oil markets, having gradually boosted his purchases of petroleum from Nigeria and the US.
Based on tanker fixtures obtained by Bloomberg, Chevron reserved the supertanker Azure Nova to transport petroleum from the US Gulf to Dangote in December last year. .
