….Sets to Shake W’African Supply MarketThe 650,000 barrels per day Dangote Crude Oil Refinery near Lagos is getting at least a third of its crude oil supply from the United States, underscoring the cheapness of US oil compared to other producing countries’. A report by Bloomberg said yesterday that Nigeria’s new mega Dangote oil refinery…
The Dangote Petroleum Refinery has reduced the price of diesel by 16.6%, lowering the price from N1,200 per litre to N1,000 per litre. The aim of the price reduction is to positively affect Nigeria’s domestic economy. The price of diesel was relatively high for months, due mainly to the importation of the product from the…
Dangote Refinery stirs domestic market with diesel, jet fuel supply Petroleum products marketer in Nigeria are excited as the domestic producer, Dangote Refinery, began supply of diesel and aviation jet fuel, according to sources with the industry knowledge. The head, Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, told Reuters on Tuesday that local oil marketers…
![[OPINION]: Dangote no gree for anybody](https://dailycommerce.net/wp-content/uploads/2023/05/Dangote-Refinery-600x400.jpg "[OPINION]: Dangote no gree for anybody")
[OPINION]: Dangote no gree for anybody By Simbo Olorunfemi It has been a long walk for Dangote to the point it eventually got to yesterday, with the commencement of commercial production. As anyone who has managed any project of note would know, it is always easier on paper than in reality. I had to chuckle…
As part of the major steps to defeat the fuel subsidy removal and also boost Nigeria’s domestic refining capacity and stability in the energy sector, Dangote Petroleum Refinery and Petrochemicals plant has purchased 1 million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO), one of the largest trading companies…
Nigerian business magnate Aliko Dangote has announced plans to list his $20 billion oil refinery on the Nigerian Exchange Limited (NGX). This move marks a significant step forward for Dangote Industries, Africa’s largest conglomerate. In a recent interview with the Financial Times, Dangote confirmed that the company has overcome challenges related to crude oil supply,…
Petroleum products from Dangote Refinery, with capacity to refine 650,000 barrels of crude oil per day, will be supplied to the Nigerian market by July, the Chairman of Dangote Group has revealed. The refinery was designed to process variety of crudes, including many African crudes, some Middle Eastern crudes, and U.S Light Tight Oil. Some…
The Dangote Refinery will be inaugurated by President Muhammadu Buhari on May 22, 2023, the special assistant to the president on digital communications, Bashir Ahmad, announced this in a tweet on Sunday. “Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in…
