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Tag: Dangote Refinery

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

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
featured News

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 […]

Shipping crisis stalls Dangote fuel distribution
News

Fire guts Dangote refinery days after alleging mafia sabotage

A fire erupted this afternoon in a section of the Dangote Refinery, one of Nigeria’s most significant industrial landmarks, causing significant alarm among workers and residents in the vicinity. A viral video showed thick black smoke billowing from the refinery, accompanied by the sound of emergency sirens. The exact cause of the fire has not […]

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

Dangote’s aniticipated july petrol supply face delay amid crude shortage

Dangote Oil Refinery’s highly anticipated entry into the petrol supply market in July may be delayed due to crude oil scarcity, according to industry insiders. The 650,000 refinery sited in Lagos, was scheduled to commence operations in July, intending to considerably reduce Nigeria’s reliance on imported petrol. However, there are growing concerns that a paucity […]

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 […]

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