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Tag: Dangote Refinery

Dangote Refinery loses N32.5bn after petrol price cut
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NNPCL delivering below agreed crude oil volume – Dangote refinery

The Dangote Petroleum Refinery has revealed that the Federal Government has not met its crude oil supply targets under the naira-for-crude initiative. According to the Vice President of Dangote Industries Limited, Devakumar Edwin, the crude received from the Nigerian National Petroleum Company Limited so far is insufficient compared to the refinery’s requirements to boost refined […]

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

Dangote refinery resumes US crude imports after three-month hiatus

The Dangote Refinery has resumed importing crude oil from the United States after a brief three-month hiatus. The refinery purchased approximately two million barrels of WTI Midland crude oil from Chevron Corp. This shipment, which marks the refinery’s return to U.S. imports, is scheduled to arrive at the 650,000 barrels per day (bpd) petrochemical facility […]

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

Deregulation shouldn’t be licence for substandard products- Dangote refinery

Dangote Refinery and Petrochemicals on Tuesday issued a strong statement to Pinnacle Oil and Gas Limited, asserting that deregulation should not be used as a justification for importing off-spec petroleum products or undermining Nigeria’s national interests. The refinery’s response came after comments by the Chief Executive of Pinnacle Oil and Gas Limited, Robert Dickerman, who […]

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

New depot blending substandard fuel – Dangote refinery

The Dangote Petroleum Refinery has issued a warning to Nigerians regarding a newly established depot, reportedly leased by an unnamed international trading company, which is allegedly blending substandard petroleum products. The company stated that the depot, located near Dangote’s facilities, poses a risk as it aims to introduce these inferior products into the market, potentially […]

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

Dangote refinery releases fuel price, tackles marketers

The Dangote Refinery has announced a price reduction for petrol, now available at N960 per litre for shipments via ships and N990 per litre for truck deliveries. The company’s Spokesperson, Anthony Chiejina made this disclosure in a statement on Sunday, following tensions with fuel marketers who claim that imported petrol is priced lower than the […]

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

IPMAN can’t lift petrol without NNPC approval – Dangote refinery

The Dangote Petroleum Refinery has said the Nigerian National Petroleum Company Limited has not given it permission to provide Premium Motor Spirit, also known as petrol, to Independent Petroleum Marketers Association of Nigeria members. This was disclosed by the company on Thursday in response to demands by oil dealers, acting on behalf of the Petroleum […]

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

Dangote refinery boosts fuel supply with 79.4m litres delivered

Dangote Refinery has significantly enhanced Nigeria’s domestic fuel supply by delivering approximately 79.4 million litres of petrol by sea. The vessel Sabaek recently transported around 500,000 barrels (79.4 million litres) of petrol from the refinery to Lagos, as reported by port data and ship-tracking information from Bloomberg. This initial seaborne shipment comes after about a […]

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

Dangote refinery starts direct sales of petrol to marketers

Dangote Petroleum Refinery has commenced the direct supply of Premium Motor Spirit, commonly known as petrol, to select oil marketers, bypassing the Nigerian National Petroleum Company Limited. Sources indicate that while several oil marketers are actively seeking to purchase the product directly from the refinery, others are continuing to import petrol. In fact, hundreds of […]

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

Dangote gets NNPCL’s first naira-for-crude delivery

The Dangote Petroleum Refinery has received four cargoes of crude oil from the Nigerian National Petroleum Company Limited as part of a naira-for-crude sale agreement. It was reported that these deliveries occurred over the past three weeks since the government initiated the sale of crude to local refineries in local currency, according to The Punch. […]

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

Refinery: Dangote seeks cancellation of NMDPRA import licences

Dangote Petroleum Refinery and Petrochemicals FZE has filed a lawsuit with the Federal High Court in Abuja, requesting the annulment of import licences granted to the Nigeria National Petroleum Corporation Limited, Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies. The refinery argues that these licenses permit the importation of refined petroleum […]

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

Dangote refinery dominates two-thirds of Nigeria’s jet fuel market – Report

Dangote’s jet fuel now accounts for at least two-thirds of Nigeria’s supply and nearly half of the jet fuel consumed across West Africa, according to data from Energy Intelligence, a US-based tracker of oil and gas trends. Data from Energy Intelligence, indicates that the refinery, with a capacity of 650,000 barrels per day), has significantly […]

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 […]