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The Story of Dangote Refinery debacle hasn’t ended but only getting started with recent new twists to his Precarious oil business experience. Allowing Dangote Refinery to operate could collapse many Western countries by disrupting their control over our oil. It would weaken the economic chains that perpetuate modern slavery in Nigeria and Africa. It would
The Dangote Refinery Dangote Refinery is planning to sell a 12.7 per cent stake in 2024 for loan servicing, Fitch Ratings, a credit rating agency says in a report released on Monday. Fitch recalled that the Nigerian National Petroleum Company Limited had earlier planned to acquire a 20 per cent stake in the refinery. However, the
His Excellency, Peter Gregory Onwubuasi Obi has come out strong to urge Aliko Dangote to be resilient in the face of current challenges and obvious sabotage from oil cabals. He also emphasized tthat he has lost more being a politician that if he had remained in private sector. He wrote below : “Recently, the media was awash
The Group Chief Commercial Officer at Dangote Industries Limited, Rabiu Umar has said the Nigerian government neglected Dangote Refinery to export crude oil to Indonesia and import finished products from the same country. Umar disclosed this in an interview with Channels Television on Monday monitored by DAILY POST. He stated this is coming despite the
Farouk Ahmed, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has cautioned Nigerians against over-dependence on products from the Dangote refinery. Ahmed highlighted concerns over the consistency and standardisation of the refinery’s output, stating that the quality of its products was inferior compared to the imported quality products. He addressed
The Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has revealed that the Nigeria National Petroleum corporation, NNPC limited no longer owns a 20% stake in Dangote Refinery. Dangote disclosed this during a media parley at the refinery on Sunday. The business mogul revealed that the Nigerian oil company now owns only 7.2% of
Dangote Petroleum Refinery is set to import a cargo of Brazilian crude, Bloomberg reported on Friday. It said this would add to the large number of overseas barrels of crude feedstock that the Nigerian firm was importing. Indigenous crude oil refiners, including Dangote refinery and modular refineries, as well as local crude producers have repeatedly raised
Explosions was heard on Wednesday after a major fire engulfed the Dangote Group refinery located in Ibeju-Lekki, Lagos State. Dangote Refinery located in Lagos State is currently up in flames. According to a video seen by our reporter, thick smoke was seen emanating from a part of the yet-to-be completed refinery. Some workers at the
Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused International Oil Companies (IOCs) in Nigeria of actively trying to undermine the Dangote Oil Refinery and Petrochemicals. Edwin made this disclosure to a group of Energy Editors at a one-day training programme organised by the Dangote Group. Edwin stated that
Experts have indicated that the commencement of production at the Dangote Petroleum Refinery may not lead to a substantial decrease in petrol and diesel prices. Despite the refinery’s strategic location in Lagos , Nigeria , the input costs for its operations are heavily import-dependent, and the volatility of foreign exchange rates is expected to hinder any