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…
Port Harcourt Refinery Receives Another Crude Supply from Shell Nigeria
Port Harcourt Refinery has again received another crude oil supply from Shell Nigeria ahead the commencement of refining operations later in the year. The Nigerian National Petroleum Corporation Limited (NNPCL) had said that test runs at the 60,000-bpd Port Harcourt…
Dangote Petroleum Refinery Registers MOMAN, IPMAN, DAPPMAN Members for Products’ Distribution
The management of Dangote Petroleum Refinery has commenced registration of distributors for the lifting and distribution of refined petroleum products across the country. So far, members of three prominent associations that constitute 75 per cent of the total market in…
NIEE Lagos undertakes Study Tour at Dangote Refinery; seek enhanced partnership
“It’s always been my dream and I am overwhelmed to have the opportunity of being part of this exceptional project”. That was the gushing statement by Raj Hooblal, Head, Environment of the Dangote Refinery, speaking to Engineers under the aegis…
Dangote Refinery Gets 300,000 Barrels/Day from NNPC
The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. The Group Chief Executive Officer, NNPC Ltd, Mele…