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

Dangote accuse IOCs of oil price manipulation, sabotage

The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin has accused International Oil Companies in Nigeria of actively trying to sabotage the Dangote Oil Refinery and Petrochemicals. This was disclosed by Edwin to a group of Energy Editors at a one-day training programme organised by the Dangote Group, according to Nairametrics. […]

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

Dangote refinery to make first fuel shipment to Asia

Dangote Refinery is set to dispatch a shipment of low-sulfur straight-run fuel oil from Nigeria to Singapore this week, marking its debut in the Asian market, according to ship tracking data and market sources. This shipment establishes a new trade route from the recently inaugurated refinery to Asia, addressing the consistent demand for low-sulfur fuel […]

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

Dangote borrowed $5.5bn from banks to build refinery

Africa’s richest man, Aliko Dangote, disclosed that his company secured approximately $5.5 billion in bank loans to construct the Dangote refinery. Dangote made this announcement on Wednesday during the ‘AfriCaribbean Trade and Investment Forum’ held in The Bahamas. Dangote explained that the loan was obtained from domestic banks across Africa based on the company’s balance […]

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

Dangote Refinery shifts petrol production to mid July

Dangote Refinery has advanced the production date of premium motor spirit, also known as petrol, from June to the middle of July. The President and CEO of the refinery, Aliko Dangote, the refinery’s President and CEO, announced the new production date to reporters at the $20 billion facility in Lagos on Monday, according to Nairametrics. […]

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

Dangote Refinery starts exportation of jet fuel to Europe – Report

Dangote Refinery has embarked on the export of its first jet fuel cargo to Europe. This is another significant milestone represented by the $20 billion refinery, which has expanded its production since it began operations in April 2023, according to Business Insider. S&P Global Commodities reported that two sources have confirmed that the Doric Breeze […]

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

Dangote refinery to get valid operating licence – FG

The Federal Government has announced that it is ready to issue a fully valid operating licence to the Dangote Petroleum Refinery with a capacity of 650,000 barrels per day. This was disclosed during the Stakeholders’ Consultation Forum on Midstream and Petroleum Host Community Development Trust Regulations organised by the Nigerian Midstream and Downstream Petroleum Regulatory […]

Oil and Gas

Dangote refinery to start petrol supply in Q4 – S&P analyst

Analyst at the Standard Poor’s’ Global Commodities Insights, Kelly Norway, has said that contrary to the insinuation, that Dangote refinery will start the supply of petrol next month, it projected that the company will commence the supply of petrol in the fourth quarter of this year. Norways made this disclosure in a podcast titled “Exploring […]

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

Price slash: Dangote denies ‘mischievous’ high sulphur diesel narrative

The Management of Dangote Industries Limited has denied the online report on the sulphur content of its diesel supplied to the Nigerian market by S&P Global. The Dangote Group stated that its refinery was built to produce the highest quality petroleum products which comply with very stringent international standards, describing these allegations as unfounded, baseless, […]

Dangote refinery to begin fuel, diesel refining November  - Report
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Dangote refinery to begin fuel, diesel refining November  – Report

The Dangote Refinery is scheduled to begin refining diesel and jet fuel in October 2023, and petrol refining in November 2023. According to The Times, the executive director of the Dangote Group, Devakumar Edwin, said so in an interview with S&P Global Commodity Insights on September 18. He claimed that in the following two weeks, the Dangote refinery […]

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NNPCL to reduce fuel import from August

  The Nigerian National Petroleum Company has revealed that it would cut down on fuel import once the Dangote Refinery starts pumping out refined petroleum products from late July or early August. According to The PUNCH, the national oil firm’s spokesperson, Garba-Deen Muhammad stated this in an exclusive interview. He said, “NNPC Limited is bringing […]

IPMAN threatens strike over Soludo's taxation
Business featured

How Dangote Refinery will tackle fuel scarcity, import issues – IPMAN

Nigeria’s Independent Petroleum Marketers Association of Nigeria has said that the opening of the Dangote refinery would solve the country’s problems with fuel import and scarcity. Nairametrics reported that the Chairman of IPMAN and Enugu Community Depot in charge of Anambra, Ebonyi, and Enugu State, Mr. Chinedu Anyaso, revealed this in Awka while he gave a speech on Monday. The […]

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