Dangote Petroleum Refinery has resumed U.S. crude oil imports with a two-million-barrel shipment from Chevron, signaling challenges in its naira-for-crude agreement with the Nigerian government. As production ramps up, the $20 billion facility is poised to impact regional fuel markets and...
Dangote Refinery has begun exporting refined gasoline to West African nations like Togo, Ghana, and South Africa, marking the start of significant regional fuel exports. This shift aims to reduce reliance on costly European imports, potentially disrupting regional fuel markets and reducing fuel...
Dangote Refinery seeks billions of dollars to import crude oil, aiming to reach full capacity of 650,000 barrels per day by 2025. The refinery’s success could lower local fuel costs, boost competition in Europe, and help de-risk European oil supply chains. Failure to address refinery issues may...
Dangote Refinery and IPMAN have signed a deal to supply 60 million litres of petrol weekly, leading to price reductions at filling stations. The agreement, which aims to stabilize fuel prices in Nigeria, is expected to bring down prices by N10 to N50 per litre.
Dangote Refinery and the...
NNPC Ltd. and Dangote Refinery have signed a landmark 10-year gas supply agreement, marking a major step for Nigeria's energy sector. The deal will supply 100 MMSCF/D of natural gas for the Dangote Refinery in Ibeju-Lekki, aligning with President Tinubu's industrial growth vision and enhancing...
Pastor Enoch Adeboye calls for prayers as oil marketers attempt to sabotage the Dangote Petroleum Refinery, the only working refinery in Nigeria. He highlights how previous sabotage of state-owned refineries and fuel subsidies have harmed the country, urging for divine intervention and support...
NNPCL confirms its ownership stake in Dangote Refinery, refuting sabotage claims by owner Aliko Dangote. Mele Kyari, CEO of NNPCL, explains that the partnership was a strategic decision to secure a market for Nigeria’s growing oil production and support the country's energy self-sufficiency...
IPMAN has instructed members to exclusively source Premium Motor Spirit (PMS), AGO, and DPK from Dangote Refinery, ending plans to import fuel. This new agreement aims to reduce fuel prices and ensure stable supply across Nigeria, promoting local refining and job creation.
The Independent...
IPMAN has secured an agreement with Dangote Refinery to directly supply Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Dual Purpose Kerosene (DPK). This move aims to eliminate middlemen, reduce costs, and ensure a steady supply of petroleum products to over 30,000 members and 150,000...
Dangote Refinery has set petrol prices at N960 per litre for ships and N990 per litre for trucks, emphasizing the quality of its products. The company warns that cheaper alternatives may be substandard, urging support for Nigeria's local refining sector.
Dangote Refinery has announced its...
Dangote Refinery has dismissed claims of selling petrol at N1,015 to N1,028 per litre as "fake news." The refinery's response follows accusations from oil marketers, who suggested importing petrol instead, citing lower landing costs.
On Saturday, Dangote Refinery strongly refuted claims that it...
The Dangote Petroleum Refinery clarified it hasn't received payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for petrol sales. The refinery stated that no approval from the Nigerian National Petroleum Corporation (NNPC) exists for such transactions, emphasizing...
Aliko Dangote, President of Dangote Group, urged NNPC and fuel marketers to stop imports, asserting his refinery can meet Nigeria's daily fuel needs. With 500 million liters in storage, Dangote claims his facility can eliminate fuel queues and stabilize prices by supplying 30 million liters...
Ghana plans to import petroleum products from the Dangote Refinery in Nigeria to lower fuel prices. The move aims to reduce reliance on costly European imports and enhance regional trade. The refinery, which can process 650,000 barrels per day, is expected to operate at full capacity by...
Dangote Refinery has filed a lawsuit against the NMDPRA, seeking to annul import licenses granted to several companies for petroleum products already produced domestically. The refinery claims these actions undermine its operations, demanding N100 billion in damages and an injunction against...
Aliko Dangote, the president of the Dangote Group, has reached a significant milestone, now ranking as the 65th richest person globally, with a net worth of $28 billion. This achievement follows the successful launch of his expansive Petrochemical refinery, which has proven to be a game changer...
Fuel prices in Nigeria have surged to N1,030 per litre at NNPC outlets in Abuja, following the termination of an exclusive purchase agreement with Dangote Refinery. This shift allows other marketers to negotiate prices directly, sparking frustration among motorists amid ongoing economic...
Aliko Dangote emphasized Nigeria's potential as a refining hub at a recent summit, urging the government to enhance crude oil production and manage supplies. He highlighted the nation's capacity to transition from a net importer to a net exporter of petroleum products, aiming to reduce reliance...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.