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Tag: Dangote Refinery

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 […]

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

Dangote refinery to receive Brazilian crude cargo

The Dangote Petroleum Refinery will receive a shipment of Brazilian oil, according to Bloomberg’s report on Friday. This import will add to the Nigerian company’s already large amount of imported crude barrels from overseas. Local crude oil refiners, notably the Dangote refinery, modular refineries, and indigenous crude producers, have regularly expressed worries over Nigeria’s poor […]

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

Dangote refinery increases gasoil exports to West Africa

Dangote oil refinery is rapidly increasing its gasoil exports to West Africa, capturing market share from European refiners, according to traders and shipping data. Reuters reported that the $20 billion refinery is currently producing a lower grade of gasoil than expected as it awaits the restart of units necessary for producing cleaner fuels. As a […]

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

Dangote refinery: Marketers fear higher petrol price

Petroleum marketers are concerned that the petrol price from the Dangote refinery may be higher than anticipated, as it’s expected to hit the market two weeks from now. This follows the difficulty in sourcing crude locally from the international oil companies by Dangote Refinery. It continues to buy crude oil from the United States and […]

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