Imports of net oil products in the Nigerian sea dropped 39% year-to-year
“D.The first seven months of 2025, imports of net oil products in the Nigerian Sea (CPP) decreased by 39% compared to the same period in 2024, reaching 230 thousand barrels per day (KBPD). This decrease follows a reduction in 19% for 2024, “said Niels Rasmussen, Head of Shipping Analysts in Bimco.
Import reduction is due to the start of operation at a capacity of 650 KBPD Dangote Refinery early last year. In June 2025, the refinery output had reached 550 KBPD, as reported by the company official.
“Imports from Northern Europe have decreased the most. In 2022-2023, before the opening of the Dangote facility, Nigeria imported an average of 271 KBPD per year from CPP from Northern Europe, representing 60% of the total Nigerian CPP imports. In 2025, the said import had dropped to 48 KBPD and only 21% of the total 21% of Rommus.
This development highlights how dangote refineries have been effective in creating CPP domestic supply, reducing the country’s dependence on imports. Apart from this progress, supply chain disorders have prevented refineries from relying exclusively in Nigerian crude oil, requiring the use of imported crude oil.
As a result, Nigerian crude oil imports have increased significantly, growing from the volume that can be ignored in 2022-2023 to 179 KBPD years and dated and reaching 434 KBPD in July 2025. About two-thirds of imports of years from the United States from the United States.
KPler data providers observed that, in July, the import of US crude oil exceeded the use of domestic crude oil for the first time. The report shows that US crude oil offers advantages such as increasing supply security, higher results and more competitive pricing compared to Nigerian crude oil.
As a result, Nigerian crude oil exports remain stable in 2025, although CPP production is increasing in dangote refinery.
“According to dangote officials, the refinery hopes for fully transition to crude oil which is sourced locally before the end of the year. In addition, anticipated improvements in efficiency processing will increase the capacity of the facility to 700 KBPD at the end of 2025 Better and better VLCCS and VLCCS and better VLCCcs and VLCCS and VLCCS and VLCCS and VLCCS and VLCCS and VLCCS and VLCCred MPPPED and VLCCS Rongsise byezmaxes PIRKS.
Source: Bimco
