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Tag: Dangote Oil Refinery

Fuel crisis looms as Dangote refinery halts Naira sales
Oil and Gas

Dangote Refinery loses N32.5bn after petrol price cut

The Dangote Petroleum Refinery will incur an estimated N32.5 billion loss following a recent reduction in the ex-depot price of Premium Motor Spirit, also known as petrol. The refinery, which had accumulated over 500 million litres of petrol at a retail price of N890 per litre, initially valued its stock at N445 billion. However, a […]

Dangote Refinery loses N32.5bn after petrol price cut
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High sulphur diesel behind Dangote price slash – S&P Global

Dangote refinery recently announced a price reduction of automotive gas oil to N1,000 per litre. This is attributed to a less quality control checks, S&P findings reveal. In the report, high-sulphur diesel from the refinery contributed to the price reduction, contrasting with the environmentally preferable low-sulphur diesel, according to Businessday. The report reveals that the […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote refinery sells diesel at N1,225/litre to local market

Dangote oil refinery started supplying petroleum products to the local market on Tuesday, a company executive and fuel marketing associations said, a major step in the country’s quest for energy independence. It cost Africa’s wealthiest man, Aliko Dangote $20 billion to build the world’s largest refinery in Ibeju Lekki and was completed after several years […]

Oil and Gas

Dangote refinery cuts down Africa’s $17bn European oil imports – Report

Dangote oil refinery could slash the annual $17 billion gasoline importation from Europe to Africa, placing additional stress on European refineries threatened by rising competitive forces. The refinery which cost $20 billion to build, started production in January, It can refine up to 650,000 barrels per day and will be the largest in Africa and […]

Dangote refinery secures licence to refine crude oil
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Dangote refinery secures licence to refine crude oil

Africa’s wealthiest man,Aliko Dangote, has announced that his refinery has obtained a license to process over 300,000 barrels of Nigerian crude daily and is set to commence gasoline production soon. “We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” Dangote said in an interview in Riyadh […]

The refinery is situated at the Dangote Industries Free Zone in Ibeju-Lekki, Lagos. Its primary function is to refine crude oil grades sourced from Africa, Asia, and America. The refinery has the capacity to produce a surplus of approximately 38 million litres of petrol, diesel, kerosene, and aviation fuel on a daily basis, which is intended for domestic consumption in Nigeria. The refinery has a capacity to process 650,000 barrels of crude oil per day and converts it into various petroleum products, including diesel, petrol, jet fuel and kerosene.
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PHOTOS: Buhari arrives commissioning of Dangote Refinery

  The President, Muhammadu Buhari (retd.), has arrived for the Dangote Oil Refinery for its official commissioning. The refinery is situated at the Dangote Industries Free Zone in Ibeju-Lekki, Lagos. Its primary function is to refine crude oil grades sourced from Africa, Asia, and America. The refinery has the capacity to produce a surplus of […]