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Lagos-based Dangote Refinery plans to purchase at least 24 million barrels of US crude oil over the next year as it increases its processing capabilities. The $20 billion refinery, established by Africa s richest man Aliko Dangote, has issued a term tender to buy two million barrels per month of West Texas Intermediate Midland crude
Cargo belonging to Chinese state energy major PetroChina, has been waiting to unload a cargo of US crude at Nigeria’s giant Dangote Refinery for nearly a month due to payment issues, according to Reuters, quoting four trading sources and its tracking of shipping data. The impasse, it said, highlights difficulties the $20 billion plant funded by
Dangote Refinery has ramped up its stock of imported crude oil from the United States as a second cargo as a second shipment of US light sweet crude oil was headed to Nigeria on Friday for delivery to the refinery, according to a trader and ship tracking data. This is coming as indications emerged at the
Alhaji Dangote whom Chief Bola Tinubu recently inaugurated into his ECONOMIC TEAM is reportedly set to start selling refined petrol ⛽ to Nigerians in dollars. Prio to the most celebrated Dangote Refinery, majority of Nigerians actually thought Dangote and his APC team were actually doing them a favour with the refinery, slowly, they’re beginning to understand better.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the resort of the 650,000 barrel-per-day Dangote Refinery to the United States for crude importation will increase the prices of petroleum products in the country. IPMAN’s National Public Relations Officer, Mr. Ukadike Chinedu, in an interview with Sunday Telegraph over the weekend, decried that Nigerians
Dangote Refinery is set to import crude from the US in the coming months, Trafigura Group sold 2 million barrels of WTI Midland to Dangote refinery for end-February delivery, said traders with knowledge of the matter. This is the first time that the giant refinery has purchased non-Nigerian crude, traders told Bloomberg. Someone wrote :
The Chairman of Dangote Group, Aliko Dangote, “elatedly thanked Bola Ahmed Tinubu for his support and encouragement, towards the actualisation of this project.” He was said to have also thanked the Nigerian National Petroleum Company Limited, the Nigerian Upstream Petroleum Regulatory Commission, Nigerian Midstream and Downstream Petroleum Regulatory Authority and Nigerians for their support and
Nigerians have become woke such that this current APC government can’t deceive them anylonger with lies and propaganda. Buhari’s version of APC spent 8 years, sinking Billions into the 4 moribund Refineries and ended Commissioning a supposed Dangote Private Refinery as a major achievement. No problem…. The question is…. Why are APC bent on deceiving
Has Nigerians be scammed once again with the mantra of “DANGOTE REFINERY COMING ON BOARD”? The answer is CAPITAL YES! Although most well meaning Nigerians who see beyond the devilish politics of the APC had been warning that what BUHARI AND DANGOTE gathered thousands of Nigerians to do at Lekki-free trade zone in May, 2023
Marketers explain why they can’t import fuel now. Barring all unforeseen circumstances, Dangote imported fuel will soon enter Nigerian market as the Nigerian National Petroleum Company Limited (NNPCL ) has granted the Chairman of Dangote Group and President, Dangote Refinery and Petrochemical Company, Alhaji Aliko Dangote, licence to begin the importation of Premium Motor Spirit (PMS) or petrol into