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Libyan oil arrives in Nigeria for first time since 2013

Libyan oil arrives in Nigeria for first time since 2013

Nigeria imported approximately two million barrels of Libyan oil for the first time in May, aiming to bridge the gap in domestic production and reduce reliance on refined imports. This is the first documented shipment of Libyan oil to Nigeria since 2013, with part of it directed to the Dangote refinery as part of a strategy to enhance the country's refining capacity and diversify its sources of crude oil. This development occurs amidst Nigeria's efforts to restructure its energy sector and develop its refining infrastructure, while continuing to export crude oil to international markets.

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