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…
Regulatory authority refutes dirty fuel importation allegations
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says there is no imported dirty fuel in the country. The Authority said it would never encourage importation of dirty fuel into the country and ensured that only quality protroleum products…
Fire reported at Dangote Refinery
Immediate containment and safety procedures initiated A fire has been reported at a section of the Dangote Refinery in Lagos, Nigeria. Though the cause of the incident is yet to be announced, the management of the Refinery have announced…
Dangote Refinery: Aliko Explains How IOCs Frustrate Refinery Project, Sets to Flood Market with PMS Next Month
…………Expands Plant To 5.3 Billion Litres and Offsets $2.4 Billion out of $5.5 Billion loan…… ……..….Lauds Afreximbank and Nigeria’s Access Bank for supporting the project…. Last week in the Bahamas, Aliko Dangote, President of Dangote Group, explained how international oil…