Landed Processed Crude Stood At $124.80/b In May, $95.25 In June—Dangote

Dangote Petroleum Refinery & Petrochemicals has offered insights into cost of crude oil processing to further explain its support towards ensuring affordable refined products in the domestic market.
It disclosed that the average landed cost of crude processed stood at approximately US$124.80 per barrel in May and US$95.25 per barrel in June, compared with the current international benchmark of about US$71.01 per barrel.
The refinery also clarified that its crude procurement costs are not based solely on the headline ICE Brent benchmark commonly quoted in the media.
Rather, crude is purchased on a Dated Brent basis together with applicable market premiums, freight and logistics costs...