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Tag: Dangote Refinery

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
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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
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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
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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 […]

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

Hundeyin leaks smear campaigns against Dangote refinery

Nigerian investigative journalist, David Hundeyin has voiced concerns against Dialogue Earth, an international non-governmental organization, alleging that they are trying to launch a smear campaign against the Dangote Refinery. This was disclosed by Hundeyin in a series of posts via his X handle yesterday. According to Hundeyin, a foreign NGO that was formerly known as […]

NNPCL condemns reported sale of NAOC assets to Oando
News

We can’t sabotage Dangote refinery after investing billions — NNPCL

The Nigerian National Petroleum Corporation Limited has reaffirmed that it is not engaged in any sabotage of the Dangote Refinery, emphasizing its significant billion-naira investment in the plant. In a recent interview on the Bereke Family Radio Programme, which was published on YouTube on Sunday, Olufemi Soneye, the Chief Corporate Communications Officer of NNPC, stated […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
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Tinubu orders NNPC to sell Crude to Dangote in Naira

President Bola Tinubu has directed the Nigerian National Petroleum Company Limitedto sell crude oil to Dangote Refinery and other emerging refineries in Naira. The announcement was made by Bayo Onanuga, the Special Adviser to the President on Information and Publicity, via his official X handle on Monday. Onanuga revealed that the decision, endorsed by the […]

Dangote Refinery's polypropylene to enter market
News

Dangote refinery denies claims of reselling crude oil

Dangote Petroleum Refinery has firmly rejected allegations of reselling crude oil, following a report by a news outlet about operational difficulties at the plant. The report, published on Friday, suggested that the refinery, facing technical issues, was reselling crude oil from the United States and Nigeria. It also claimed the refinery was offering various grades, […]

Dangote refinery to import crude oil from Libya
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Dangote refinery to import crude oil from Libya

Dangote Refinery in Lagos is currently in negotiations with Libya to import crude oil for its expansive 650,000 barrels per day facility as it ramps up production. Vice President of Dangote Industry Limited, Devakumar Edwin, disclosed this information to Reuters, an American-based media outlet, on Sunday. Due to challenges in securing adequate crude supplies within […]

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