Dangote Refinery Cuts Processing to 350,000-400,000 bpd as Maintenance Drags Exports to 3-Month Low
Updated
Updated · Business Insider Africa · Jul 23
Dangote Refinery Cuts Processing to 350,000-400,000 bpd as Maintenance Drags Exports to 3-Month Low
1 articles · Updated · Business Insider Africa · Jul 23
Summary
Kpler says Dangote has run at 350,000-400,000 barrels per day since July 10, roughly half its crude distillation unit throughput, after maintenance disrupted operations.
FGSG work constrained the plant and pushed Kpler to cut its July throughput forecast to about 450,000 bpd from 650,000 bpd, with gasoline, jet fuel and gasoil output all set to fall.
Seaborne exports of petrol, diesel and jet fuel have dropped to their lowest level in three months, reversing part of the refinery’s recent rise as a supplier to Nigeria, Africa and Europe.
June output had neared 700,000 bpd during performance tests, but recurring maintenance every six to 10 weeks still clouds reliability at the 650,000-bpd plant.
Analysts expect repairs to finish in late July and throughput to recover to 650,000-675,000 bpd in August-September, a key test as Dangote prepares for a planned listing after raising $2.5 billion.
As Dangote's fuel output plummets due to recurring maintenance, is Nigeria on the brink of another devastating nationwide petrol shortage?
With continuous breakdowns haunting Africa's largest refinery, could these hidden operational flaws threaten Dangote's highly anticipated stock market debut?
What really caused the massive drop in Dangote's gasoline exports months before the latest shutdown was even announced?