![Dangote Refinery To Buy 24 Million Barrels Of US Crude Oil 1 Dangote Refinery](https://www.akelicious.net/wp-content/uploads/2024/05/images-6-5.jpeg)
Nigeria’s new Dangote mega refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates, a sign of the challenges that Africa’s largest producer faces in lifting its own oil output.
The plant, built by Africa’s richest man Aliko Dangote, issued a so-called term tender for the purchase of 2 million barrels a month of West Texas Intermediate Midland crude for 12 months starting in July, according to a document seen by Bloomberg. The tender closes on May 21.