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Tag: Dangote Refinery

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

Dangote seeks 650,000 barrel FPSO vessel to boost crude production

Dangote Group is looking to acquire a floating production, storage, and offloading vessel with a capacity of 650,000 barrels to support its upcoming oil production initiatives. This move aligns with their broader strategy to enhance oil production capabilities and strengthen their position in the energy sector. According to a company source, Dangote Group plans to […]

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

Marketers to begin direct purchases of petrol from Dangote refinery

In a significant shift within Nigeria’s oil sector, major oil marketers are set to begin direct purchases of Premium Motor Spirit from the Dangote Petroleum Refinery from this Thursday and continuing into next week. This development follows the Nigerian National Petroleum Company Limited’s decision to withdraw as the exclusive off-taker of the product from the […]

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

Dangote refinery yet to receive crude in naira from NNPC – Report 

There are indications that the Nigerian National Petroleum Company Limited has not yet commenced the supply of crude oil in naira to the Dangote Petroleum Refinery, which was scheduled to start on October 1. Officials from the Dangote refinery, the Nigerian Upstream Petroleum Regulatory Commission, the Federal Ministry of Finance, and NNPC have not provided […]

News

Lagos settles Dangote refinery, park operators dispute

The Lagos State Government has announced a resolution to the disagreement between Dangote Refinery and e-call-up parking operators. The e-call-up initiative, supported by the state government, aims to prevent trucks from parking indiscriminately in key business areas, according to The Punch. Managed by a private company, the initiative ensures that only trucks scheduled to load […]

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

Lagos, Dangote refinery disagree over parks, call-up system for trucks

The electronics call-up truck management system introduced by the Lagos State Government to prevent gridlock in the Lekki Port corridor appears to be facing significant challenges as key stakeholders disagree on implementation, several years after the programme was initiated. The two key stakeholders are Lagos State Government which is the owner and driver of the […]

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

Dangote refutes NNPC’s N898 per litre claim

The Dangote Refinery has refuted recent claims that it sold Premium Motor Spirit at N898 per litre to the Nigerian National Petroleum Company Limited. The refinery’s management has described the statement, made by NNPCL spokesperson Mr. Olufemi Soneye, as “misleading and mischievous.” This denial comes amidst ongoing scrutiny and discussions about fuel pricing and distribution […]

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NNPC trucks start loading at Dangote refinery

Trucks at the Dangote Refinery in Ibeju-Lekki area of Lagos State have started lifting Premium Motor Spirit, popularly known as petrol, on Sunday. This was disclosed in a video posted via the X account of Dangote Group on Sunday. This marks a significant step in the refinery’s operations. The tweet read, “First set of trucks […]

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

NNPC, Dangote refinery near crude sale, product buy-back deal conclusion

The Nigerian National Petroleum Company Limited and Dangote Petroleum Refinery are nearing the final stages of negotiations regarding the sale of crude oil to the Dangote refinery and the subsequent buy-back of refined products in naira. Parties in the deal may conclude discussions next week, the Vice President of Oil and Gas at Dangote Industries […]

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

Local marketers boycott forced Dangote to export refined products – Refinery

The Vice President of Dangote Industries Limited, Devakumar V.G. Edwin has voiced frustration over the boycott of Dangote Refinery’s products by local marketers, noting that despite the Dangote Refinery’s substantial production capacity, local marketers are purchasing only about 3% of its output In an X space hosted by Nairametrics on Wednesday, Edwin disclosed that despite […]

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

NNPCL to be sole buyer of Dangote refinery oil- Report

Dangote Refinery has commenced the production of premium motor spirit or petrol, positioning the Nigerian National Petroleum Company Limited as its first exclusive buyer. According to a recent Reuters report, the refinery, which boasts a capacity of 650,000 barrels per day, is in the final stages of testing and will begin rolling out petrol in […]

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

Dangote petrol set for rollout soon

The Dangote Petroleum Refinery is poised to begin the sale of Premium Motor Spirit, commonly known as petrol, according to authoritative sources. This development follows a successful test run of the product at the 650,000-barrel capacity refinery. Industry insiders have indicated that PMS will soon be available in the market, according to the Punch. They […]

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