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Crude oil

Senegal Joins Oil-Producing Countries, Begins Production

Senegal has officially joined the list of oil-producing countries in West Africa, marking a significant milestone in the country’s economic history. Last week, the country began producing oil for the first time, with the Sangomar deep-water project aiming to produce…


Nigeria Fails To Meet Oil Production Targets In 10yrs

Despite having crude oil in abundance, Nigeria has consistently failed to meet oil production targets as stipulated in national budgets over the last 10 years, according to Daily Trust. The country has, over time, maintained a mono-economy with crude oil sales…


Military uncovers five million-litre stolen crude in Rivers

The 6 Division, Nigerian Army, on Wednesday, said it uncovered a massive illegal refinery camp and seized five million litres of stolen crude oil stored in a reservoir in Rivers State. The General Officer Commanding, 6 Division, Maj.-Gen. Jamal Abdussalam,…


$19bn Dangote Refinery gets another 1m barrels crude oil

With the delivery of two million barrels of crude, the $19 billion Dangote Oil Refining Company is set to commence production of petroleum products paving the way for additional jobs and foreign exchange relief to the economy. This follows yesterday’s…


Dangote refinery gets first crude supply

The first crude feedstock for Dangote’s 650,000 b/d refinery has arrived the country, according to SP Global quoting market sources and tanker tracking data. The analytical firm said the development indicated that fuel production at the new $19 billion facility…