Business Oil & Gas Top Story

Nigeria seeks to end importation of petrol in 2023

Reading Time: < 1 minutes Nigeria aims to stop importing petroleum products before or around the third quarter of 2023, according to oil minister Timipre Sylva. Sylva stated that a rebuilt refinery in the oil-producing Niger Delta city of Port Harcourt will start providing 60,000 barrels per day of processed crude by the end of December. The minister also stated Read More…

Business Oil & Gas Top Story

Dangote refinery 97% completed – NMDPRA

Reading Time: 3 minutes The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says that the Dangote Petroleum Refinery is 97% completed. In a statement released on Thursday in Lagos and signed by Mr Anthony Chiejina, Group Chief Branding and Communication Officer, Dangote Industry Ltd., NMDPRA Chief Executive Mr Farouk Ahmed made the announcement. When the Dangote refinery’s representatives Read More…

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 Oil & Gas Top Story

Dangote seeks big oil money to finance refinery

Reading Time: 2 minutes 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 outside of Nigeria’s commercial centre Read More…

Business Jobs Oil & Gas Top Story

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…

Featured Notes Wole Olaoye

Dangote Doesn’t Need This Kite

Reading Time: 5 minutes WHEN THE HEADLINES caught fire with news that four oil firms including the Nigerian National Petroleum Corporation (NNPC) were planning to acquire a stake in Dangote refinery which goes into operation soon, many tongues started wagging. The interest of international companies is understandable, after all Dangote himself has interests in other countries. But a state-owned 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 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 in Africa’s largest oil refinery, a senior Read More…