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Dangote Refinery prepared to compete amid regulatory fairness

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Tag: Refinery

Dangote refinery investors gain N1.2tn in two days
Oil and Gas

NNPCL to complete Port-Harcourt refinery test run January

The NNPCL has announced that a test run on the 60,000-bpd refinery in Port-Harcourt will be completed this month, followed by a full resume of work later. The NNPCL’s spokesperson, Femi Soneye, stated on Friday. “Testing will be completed shortly, ensuring the refinery’s efficient operation. This phase will be finished this month.” The refinery, which is now […]

Dangote refinery receives one million crude barrels
Oil and Gas

Dangote refinery receives one million crude barrels

The Nigeria National Petroleum Corporation Limited delivered the fourth shipment of one million barrels of bonny light crude oil to the Dangote Petroleum Refinery on Monday. The PUNCH reported that according to a statement from the $20 billion enterprise, the fifth crude oil cargo is expected soon. The plant had previously received three shipments of […]

Dangote refinery investors gain N1.2tn in two days
Oil and Gas

P’Harcourt refinery to supply 12 states

The Nigerian National Petroleum Company Limited has begun supplying crude oil for the Port Harcourt Refining Company Limited’s test run. The PUNCH reported that oil marketers confirmed the news, stating that the plant would sell refined Premium Motor Spirit, also known as petrol, Automotive Gas Oil, also known as diesel, and other products to 12 […]

Oil and Gas

Nigerian oil firms mandated to supply 483,000 bpd of crude oil to local refineries

The Nigeria Upstream Petroleum Regulatory Council has issued new regulations requiring oil producers to send around 483,000 barrels per day of crude oil to nearby refineries during the first half of 2024. This program is part of the efforts of Africa’s largest crude oil exporter to secure a steady supply for domestic processing. The Dangote oil refinery and […]

Domestic refining output falls by 92% - Report
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Domestic refining output falls by 92% – Report

Bisola David The Statistical Review of World Energy 2023 report has noted that Nigeria’s local refinery output has decreased by 92% in ten years. According to The Punch, the report shows that output from the country’s four refineries has dropped from 92,000 barrels per day in 2012 to just 6,000 barrels per day in 2022. This represents […]

Oil companies get 26 divested licenses in 10 years
Oil and Gas

FG, refinery operators plan to meet domestic refining obligations

The Federal Government met with operators of domestic refineries on Wednesday to address concerns regarding crude oil availability for indigenous refiners like Dangote Refinery. The PUNCH reported that the Federal Government it clear that failing to satisfy the domestic crude commitments would result in national humiliation and therefore emphasized the need to provide crude to the Dangote refinery, which has […]

Fuel can sell for N200/litre with working refineries - IPMAN
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Fuel can sell for N200/litre with working refineries – IPMAN

    The Chairman of the Rivers State Chapter of the Independent Petroleum Marketers Association of Nigeria, Joseph Obele, has urged the Federal Government to diligently proceed with the planned restoration of the country’s refineries. According to his statement, the price of Petroleum Motor Spirit (commonly referred to as petrol) would significantly decrease to below […]

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