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Business Oil & Gas

Nigeria’s NNPC to supply 4 crude cargoes to Dangote Refinery as operations near commencement

Nigeria’s NNPC, the state oil company, is anticipated to provide four crude shipments from its February schedule to the Dangote refinery, set to begin operations following extensive construction delays, disclosed three sources familiar with the situation to Reuters. The highly-anticipated Dangote refinery, touted as Africa’s largest, is on the verge of commencing test runs and Read More…

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Business Oil & Gas

NNPC restores 275,000 BPD production following resolution of industrial action

In a recent development, Nigeria’s state oil firm NNPC Ltd announced on Sunday that it successfully restored 275,000 barrels per day (bpd) of oil production at its joint venture unit with Total Energies after resolving an industrial action by workers. According to NNPC’s statement, “The unions have agreed to suspend ongoing industrial action leading to Read More…

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NNPC to supply crude to Dangote Refinery for testing in landmark deal

It has been revealed that Nigeria’s state oil corporation, NNPC Ltd, is set to provide the Dangote oil refinery with crude oil for testing purposes in a groundbreaking deal. This landmark agreement, exclusively reported by Reuters, marks a pivotal moment in the development of the 650,000 barrel-per-day Dangote oil refinery, funded by Africa’s wealthiest individual, Read More…

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Nigeria seeks to end importation of petrol in 2023

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…

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Dangote refinery 97% completed – NMDPRA

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…

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

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…

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Dangote seeks big oil money to finance refinery

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…

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Dangote refinery adds 17,000 more jobs

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

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…

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

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…