By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Nigerian Refineries Boost Output, Signal Reduced Petrol Imports
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Energy & Oil

Nigerian Refineries Boost Output, Signal Reduced Petrol Imports

Genesis Obong
By Genesis Obong
Published: January 24, 2025
Share
4 Min Read
Nigerian Refineries
SHARE

Nigerian refineries expanding capacity has the potential to upend international petroleum markets and change the nation’s energy environment. Increased output at the Dangote and Port Harcourt refineries through 2025 is anticipated to drastically lower the country’s petrol deficit, possibly by as much as 39%, according to Kpler, a top energy market analysis company.

In addition to easing the nation’s ongoing gasoline shortages, this increase in domestic production would put European refiners to the test, as they have historically provided a sizable amount of Nigeria’s petrol needs. As a direct result of Nigerian refineries’ increasing dominance, European petrol exports to Nigeria have already fallen to a four-year low of 70,000 barrels per day in December.

“Increasing refinery runs at Nigeria’s Dangote and Port Harcourt refineries throughout 2025 are expected to significantly lengthen West Africa’s gasoline balances,” Kpler stated in its report.

The impact of the Dangote Refinery, a behemoth with a 650,000 barrels-per-day capacity, is already being felt. While initial operations faced challenges securing adequate domestic crude oil, the refinery is now ramping up production. Kpler estimates that the refinery’s critical RFCC (Fluid Catalytic Cracking) unit, crucial for high-volume gasoline production, is currently operating at 40-45% capacity, propelling Nigerian gasoline production to over 100,000 barrels per day.

- Advertisement -

This increased output is evident in the declining exports of fuel oil and naphtha from the refinery. “Dangote’s fuel oil exports, for instance, fell from 60 kbd in Q3 to just 6 kbd in Q4, while naphtha exports also dropped significantly,” Kpler noted.

Read Also: OPEC Report: Nigerian Exports Disrupting European Market Dynamics

The firm anticipates that further increases in RFCC unit rates, expected by late 2025, will lead to even higher production volumes and refined product yields. This, in turn, will significantly reduce Nigeria’s gasoline deficit, projected to decline from -280,000 barrels per day in 2024 to -170,000 barrels per day in 2025 and further to -100,000 barrels per day in 2026.

While primarily focused on meeting domestic demand, the Dangote Refinery is also emerging as a major supplier across West, Central, and Southern Africa. In the last quarter of 2024, the refinery shipped approximately 60,000 barrels per day to countries including Congo, Ghana, Angola, and Cameroon.

- Advertisement -

This transformation in Nigeria’s energy landscape has profound implications. Reduced reliance on fuel imports will not only enhance the country’s energy security but also provide a significant boost to its economy. Furthermore, the increased competition from Nigerian refineries is likely to exert downward pressure on fuel prices across the West African region, benefiting consumers.

However, it is crucial to acknowledge that the success of these refineries hinges on several factors, including consistent crude oil supply, efficient operations, and ongoing maintenance. As Nigeria embarks on this new chapter in its energy sector, careful planning and strategic policy decisions will be essential to ensure the sustainable growth and development of its refining industry.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Dangote RefineryEuropean RefinersNigerian RefineriesPetrol ImportsPort Harcourt RefineryWest Africa Fuel Market
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByGenesis Obong
Follow:
Genesis Obong is a Journalist with relevant experience in Business, Finance and Economic matters in Nigeria and across the West African space.
Previous Article Police Rescue Wife of Retired AIG Hakeem Odumosu, Neutralise Kidnappers in Ogun
Next Article Edun Defends Telecom Tariff Hike, Says It’s a “Starting Point”

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Super Eagles Rally to Draw Against Russia in International Friendly
Sport
Manchester United Raises Annual Core Profit Forecast to Between £180m and £190m After Europa League Boost
Sport
Ange Postecoglou
Tottenham Hotspur Part Ways with Ange Postecoglou Despite Europa League Glory
Sport
Dangote Names Main Refinery Access Road “Bola Ahmed Tinubu Road” in Honor of President
News
L-R: Ify Okoye, Digital Creator; Linda Ejiofor-Suleiman, Actress; Stella Erebor, Head Internal Audit, Nigerian Communications Commission; Emanuella Samuel, Comedienne/Actress, Sylvia Musalagani, Safety Policy Manager, Africa, Middle East & Turkey (AMET), Meta, and Nicole Chikwe, founder of The Mummy Summit, during the launch of Instagram teen accounts in Lagos on Wednesday, June 4, 2025
Meta Launches Teen Accounts on Instagram in Nigeria to Enhance Online Safety for Young Users
Tech
- Advertisement -
Ad imageAd image

You May Also Like

News

President Tinubu and Top Officials Attend Eid-el-Kabir Prayers in Lagos, Emphasize Peace and Progress

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 6, 2025
International

Elon Musk’s Net Worth Plummets $34 Billion Amid Explosive Feud with Donald Trump

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 6, 2025
PoliticsTop stories

BREAKING: Akwa Ibom Governor Pastor Umo Eno Defects from PDP to APC in Strategic Political Shift

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 6, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?