Dangote
Dangote meets marketers Tuesday over new petrol price
The Independent Petroleum Marketers Association of Nigeria is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the Petroleum Retail Outlet Owners Association of Nigeria had been asked by the $20bn Lekki-based refinery to […]
Dangote To Begin Crude Oil Production Soon, Says Report
Dangote Group is looking to start production at its two Nigerian oil assets in the fourth quarter of 2024, after enduring months of crude supply woes, a report by S&P Global Commodity Insights has said. The report quoting company sources said Dangote is currently seeking a Floating Production Storage and Offloading (FPSO) vessel with a […]
Naira-for-crude: Dangote refinery to get 400,000 barrels daily — Report
The Federal Government is set to supply up to 400,000 barrels of Nigerian crude oil daily to the Dangote refinery under a naira-for-crude agreement. According to a report by Bloomberg, this arrangement is expected to roll out over the next two months, with approximately 24 million barrels of Nigerian crude being delivered between October and […]
FG begins crude oil sales in Naira to Dangote
The Federal Government has officially commenced the sales of crude oil and refined petroleum products in Naira. The Minister of Finance and Coordinating Minister of the Economy announced that, in line with the Federal Executive Council (FEC) directive, the sale of crude oil and refined petroleum products in Naira has officially commenced as of October […]
Petrol loading from Dangote refinery begins next week – Marketers
Oil marketers have confirmed that they will start lifting Premium Motor Spirit (petrol), from the Dangote Petroleum Refinery next week. While some revealed that they had started sending trucks to the Lagos-based multi-billion dollar plant to load products from Sunday, others stated that their tankers would hit the refinery any day from next week. It […]
NNPLC confirms date to commence sale of Dangote petrol
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that the much-anticipated petrol from the Dangote Refinery will enter the market on September 15, 2024, ushering in a new era for the petroleum industry. This announcement was made in a press release signed by Chief Corporate Communications Officer Olufemi Soneye, stating that the price of […]
DANGOTE: NNPC yet to lift petrol, contract negotiations ongoing
Dangote Refinery has clarified that NNPC Limited is yet to commence the lifting of petrol at the facility as both parties are still negotiating terms. Group Chief Branding and Communications Officer, Dangote Group, Anthony Chiejina in a statement on Thursday said the company is not in a position to determine the price of petrol as […]
NMDPRA: Dangote Refinery Will Supply 25m Litres Of Petrol Daily In September
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Dangote refinery will supply 25 million litres of fuel daily in September. This agency said this following the commencement of petrol production by Dangote refinery. It also finalized an agreement with the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to Dangote refinery […]
NNPC to become sole buyer as Dangote Refinery begins processing petrol
The Vice President at Dangote Industries Limited, Devakumar Edwin, also mentioned that the national oil company is prepared to purchase its products exclusively to meet local demands. “We are testing the product (gasoline) and subsequently it will start flowing into the product tanks. “If no one is buying it, we will export it as we […]
Dangote Refinery Resells Both Imported, Local Crude Oil- Official reveals
Dangote Petroleum Refinery is reselling crude oil cargoes from both the United States and Nigeria. Reuters sources indicated that the move, unusual for refineries, stemmed from technical challenges at the refinery. A Dangote executive, asked about the offers and talk in the market that the refinery was having operational issues affecting the crude distillation unit, […]