Nigeria’s President, Bola Tinubu has ordered the Nigeria National Petroleum Corporation Limited (NNPCL) to sell crude oil to the Dangote Refinery and other upcoming in-country built refineries in the country’s local currency, the Naira. This was a measure adopted at…
Dangote Refutes Reuters Report on Crude Oil Reselling
The Management of Dangote Petroleum Refinery has strongly refuted a Reuters report suggesting that it is reselling crude oil shipments. The report, published on Wednesday, alleged that technical issues at the refinery had led to the resale of crude from…
Oando Denies Claims of Stake in Maltese Oil Storage Facility, Ras Hanzir Oil Terminal Limited
Oando Plc says its attention has been drawn to recent allegations on social and digital media, levelled against the company of being a shareholder, and its Principals of being Board members, in a Maltese company, Ras Hanzir Oil Terminal Limited…
Lokpobiri, Minister of State for Petroleum Resources Holds Key Meeting with Dangote, Regulatory Authorities, and NNPC Leadership
Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil) today led a crucial meeting involving top stakeholders to address issues surrounding the Dangote Refinery. Key participants included; Aliko Dangote, Chairman and CEO of Dangote Group; Farouk Ahmed, CEO of…
Our diesel is the best in Nigeria, meets international standard – Dangote
… lab test reveals 88ppm sulphur content in Dangote’s diesel, over 1,800ppm in others … Speaker commends state-of-the-art technology; assures Dangote of NA’s support President of Dangote Group, Aliko Dangote, has asserted that products refined at the Dangote Petroleum…
At MEMAN Press Briefing, Speakers Advocate Competition, not Monopoly in Downstream Sector,
At the recent Major Energy Marketers Association of Nigeria (MEMAN) quarterly press briefing, various speakers advocated for the enabling environment for competition to thrive and not monopoly as only competition would guarantee better pricing, increased consumer awareness and quality products.…
From 20 to 7.5: Dangote, NNPC in Stalemate Over Refinery Equity Share – IPO on the Horizon
In a surprising twist to the Dangote Refinery saga, disclosures have been made that the supposed 20percent equity investment by NNPCL in the Refinery is actually 7.5percent. This disclosure was made by Aliko Dangote himself at a media briefing earlier…
PHOTO NEWS: Shell Top Management Staff on facility visit to Dangote Refinery
Photo: L-R: Head of Business Development, Shell Trading and Shipping Company (STASCO), Filippo Bof; Managing Director, The Shell Petroleum Development Company of Nigeria Limited and Country Chair, Shell Companies in Nigeria, Osagie Okunbor; President, Dangote Industries Limited, Aliko Dangote; Managing…
Dangote’s WTI Import Strategy: Nigeria’s High Cost of Crude Oil Grades, Profit Margin, and Freight Drove Dangote to Import Crude Oil from US
The high cost of Nigeria’s 35 crude oil grades including Bonga, Agbemi and others has been attributed as the reason why Dangote Refinery resorts to buying crude oil from the United States. Other factors attributable to Dangote Refinery going to…
S&P Global: Dangote Refinery can Resolve Nigeria’s Forex Issues; Boost Economy
International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, while also…