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Tag: Dangote Refinery

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Dangote to sell 10% refinery stake on NGX

Chairman of Dangote Petroleum Refinery, Aliko Dangote, has announced plans to sell between five and 10 per cent of the refinery’s shares on the Nigerian Exchange Limited within the next one year. Speaking in an interview with S&P Global, Dangote confirmed that the move would follow the same path taken by other Dangote Group subsidiaries […]

Business

Sacked Dangote Refinery engineers reject allegations of sabotage

Some engineers dismissed by the Dangote Refinery last month have refuted claims that 22 acts of sabotage, including an attempt to set the facility on fire, took place. They insisted the allegations were false, stating their termination was due to joining the Petroleum and Natural Gas Senior Staff Association of Nigeria. Speaking anonymously due to […]

Business

Dangote refinery to offer 5–10% stake on NGX next year

The founder of the Dangote Group, Aliko Dangote, has revealed that the Dangote Petroleum Refinery plans to list between 5 and 10 percent of its shares on the Nigerian Exchange Limited within the next year. In an interview with S&P Global on October 20, Dangote said the plan follows the model used for Dangote Cement […]

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

Dangote Refinery raises petrol price to ₦877 as operations fully resume

The Dangote Petroleum Refinery resumed full operations on Thursday, simultaneously raising the gantry price of Premium Motor Spirit, commonly known as petrol, by seven per cent, from ₦820 per litre to ₦877 per litre. According to Vanguard, oil marketers who purchase large volumes of two million litres and above would benefit from this relatively low […]

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Dangote refinery to release 600m litres of petrol monthly

Independent petroleum marketers have confirmed that the Dangote Petroleum Refinery plans to release up to 600 million litres of petrol monthly to stabilise domestic supply and curb the recent rise in pump prices. According to the National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, the refinery is finalising a […]

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

Dangote Refinery denies claims of importing high-sulphur petrol

Dangote Petroleum Refinery has rejected recent media claims that it is importing high-sulphur finished petrol into Nigeria, calling the reports false and misleading. In a statement on Friday, the company clarified that, as a world-scale refinery, it processes a variety of crude oils and intermediate feedstocks, a standard global practice designed to optimise both production […]

Oil and Gas

Dangote Refinery supplies 20m litres of fuel daily – NMDPRA

The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, has announced that the 650,000-barrel-per-day Dangote Refinery is already reshaping Nigeria’s petroleum supply landscape, delivering an average of 20 million litres of fuel daily to the local market. Speaking in Lagos on Thursday at the Annual Conference of the Association of […]

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

Dangote refinery, engineers clash over redeployment plan

Some engineers recently dismissed by the Dangote Refinery for allegedly joining the Petroleum and Natural Gas Senior Staff Association of Nigeria have criticised the company’s plan to redeploy them to other subsidiaries, including its sugar and cement plants. Speaking anonymously due to the sensitivity of the issue, the affected workers accused the company of targeting […]

Oil and Gas

Nigeria suffered 16% oil output loss over PENGASSAN-Dangote dispute

Nigeria reportedly suffered 16 per cent crude and gas production losses following a three-day oil workers’ strike that briefly threatened crude supplies to the Dangote Refinery before being called off. According to Bloomberg, Africa’s largest crude producer lost 283,000 barrels of oil per day within the first 24 hours of the strike, which was organized […]

Opinion

Oshiomhole faults PENGASSAN over nationwide strike, Dangote dispute

Former Nigeria Labour Congress president and current Senator, Adams Oshiomhole, has strongly criticized the Petroleum and Natural Gas Senior Staff Association of Nigeria for escalating its disagreement with the Dangote Refinery into a nationwide shutdown of oil facilities, labeling the action as hasty and unfair to other workers. Speaking in an interview with Arise Television […]

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

Dangote to reinstate workers after FG’s reconciliation

Dangote Group has agreed to redeploy employees dismissed by its subsidiary, Dangote Petroleum Refinery, following reconciliation meetings brokered by the Ministry of Labour and Employment. The resolution, announced Wednesday, comes after talks held Monday and Tuesday between Dangote Group founder Aliko Dangote, representatives of the Petroleum and Natural Gas Senior Staff Association of Nigeria, and […]

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