‘Dangote imports crude oil from Equatorial Guinea’

The 650,000 barrels per day capacity Dangote Petroleum Refinery has bought its first cargo of Equatorial Guinea’s medium sweet, Ceiba crude.

This is coming amid reports that the Nigerian National Petroleum Company Limited has supplied fresh cargoes of crude to the Dangote refinery.

According to Argus Media, sources with knowledge of the matter said Dangote bought the 950,000 barrel cargo loading over April 12-13 from BP in the past week. The price levels of the deal were kept under wraps.

Argus reports that most Ceiba exports typically go to China. Around 18,000 barrels per day were discharged there last year, while three shipments went to Spain and one to the Netherlands, according to Vortexa data.