According to a report from S&P Global, the Dangote refinery is anticipated to commence crude oil production in the near future. Dangote's upstream oil operations, Oil Mining Leases 71 and 72, are set to begin producing approximately 40,000 barrels of crude oil daily. S&P report Said, “Dangote’s upstream assets in the Niger Delta, Oil Mining Lease 71 and 72, could soon provide another supply injection, with production expected to start this month and reach up to 40,000 b/d.” It was also noted that Alhaji Aliko Dangote, the Group President, is still keen on exploring new upstream opportunities, which could contribute to the conglomerate's growing asset portfolio. As the refinery expands, initial difficulties in obtaining crude oil are likely to intensify. Nonetheless, Dangote has achieved a significant agreement with the Nigerian National Petroleum Company Limited to help ease these supply issues. Under an ongoing "crude for naira" swap deal, the NNPC provides Dangote with 14 shipments of crude oil or finds an equivalent amount in US dollars. In return, Dangote supplies the same quantity of gasoline and gasoil, which is paid for in the local currency.

According to a report from S&P Global, the Dangote refinery is anticipated to commence crude oil production in the near future. Dangote's upstream oil operations, Oil Mining Leases 71 and 72, are set to begin producing approximately 40,000 barrels of crude oil daily. S&P report Said, “Dangote’s upstream assets in the Niger Delta, Oil Mining Lease 71 and 72, could soon provide another supply injection, with production expected to start this month and reach up to 40,000 b/d.” It was also noted that Alhaji Aliko Dangote, the Group President, is still keen on exploring new upstream opportunities, which could contribute to the conglomerate's growing asset portfolio. As the refinery expands, initial difficulties in obtaining crude oil are likely to intensify. Nonetheless, Dangote has achieved a significant agreement with the Nigerian National Petroleum Company Limited to help ease these supply issues. Under an ongoing "crude for naira" swap deal, the NNPC provides Dangote with 14 shipments of crude oil or finds an equivalent amount in US dollars. In return, Dangote supplies the same quantity of gasoline and gasoil, which is paid for in the local currency.