Business Oil & Gas Top Story

Dangote says it will complete its Nigerian oil refinery in the fourth quarter

Reading Time: < 1 minutes Dangote’s 650,000 barrels per day (bpd) oil refinery being built in Nigeria is due to begin production by the fourth quarter of 2022, Group Executive Devakumar Edwin said on Sunday. “75% hydraulic testing … as well as 70% of electrical cable fitting have been completed preparatory to the completion of the refinery in the fourth Read More…

Business Economy Oil & Gas Top Story

Akinwumi Adesina calls Dangote refinery ‘game-changing initiative’

Reading Time: 2 minutes Image Credits: AfDB. The African Development Bank President (AfDB), Dr. Akinwumi Adesina, has described the $19.5 billion Dangote oil refinery and petrochemical plant projects as a “game-changing initiative” that will spur Africa’s development and deepen regional integration, while on a tour on Saturday of the partially bank-funded project. The complex will create 38,000 jobs during Read More…

Business Oil & Gas Top Story

Dangote seeks big oil money to finance refinery

Reading Time: 2 minutes Image Credits: WEI LENG TAY/BLOOMBERG. The financing troubles of what may soon be Africa’s largest refinery have been taken to global oil big players for assistance. Reuters News Agency reports that Africa’s richest man Aliko Dangote is currently in talks with some of the world’s biggest oil traders to help finance his mega refinery project Read More…

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Dangote refinery adds 17,000 more jobs

Reading Time: 2 minutes Dangote Refinery is adding 17,000 more jobs to its workforce over the next few months. This was revealed by the President/Chief Executive, Dangote Industries Ltd., Alhaji Aliko Dangote, in a statement signed by the Group Head, Corporate Communications, Dangote Group, Mr Anthony Chiejina, on Sunday in Lagos. According to the statement, the refinery intends to Read More…

Business Oil & Gas Top Story

Three oil firms, Nigeria’s NNPC in talks to buy stake in Dangote refinery

Reading Time: 2 minutes Image Credits: REUTERS/Temilade Adelaja, WEI LENG TAY/BLOOMBERG. In picture above: A worker walks past storage tanks at Dangote oil refinery in Ibeju Lekki district, on the outskirts of Lagos, Nigeria August 7, 2019. Picture taken August 7, 2019. REUTERS/Temilade Adelaja Four oil firms including Nigeria’s state-oil company have approached Dangote Industries to acquire a stake Read More…