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NEWS

Libya denies talks with Dangote refinery over crude supply

Libya’s National Oil Corporation has denied that it was in talks to supply crude oil to any refinery in Nigeria, including the Dangote refinery. This is coming following claims by some top refinery officials that the refinery was in talks with Libya for crude supply. But in a statement shared on its X handle on Sunday, the Libyan oil corporation denied negotiating or entering into talks regarding the crude oil […]

todayJuly 29, 2024 6 1

BUSINESS

Dangote refinery gets valid operating licence soon – FG

The Federal Government, on Tuesday, announced that it was set to issue a fully valid operating licence to the 650,000 barrels per day capacity Dangote Petroleum Refinery. It announced this at the  Stakeholders’ Consultation Forum on Midstream and Petroleum Host Community Development Trust Regulations organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in Abuja. The NMDPRA, an agency of the Federal Government, however, explained that though it had […]

todayMay 1, 2024 21

NEWS

Dangote refinery ranked above 10 biggest European refineries

A financial data and media company, Bloomberg, has ranked the Dangote Refinery above the top 10 biggest refineries in Europe. According to data compiled by the business news platform, the refinery has more capacity than many European ones. The $20bn-worth refinery located in Lekki-Epe Expressway, Lagos State, can refine 650,000 barrels of petroleum products per day. The report sighted by our correspondent on Thursday stated that this is over 246,00bpd […]

todayApril 26, 2024 14

BUSINESS

Dangote names refinery road after Wigwe

Billionaire businessman, Aliko Dangote, has named the 120km road leading to his refinery in Lagos after the late Group Chief Executive Officer of Access Holdings, Herbert Wigwe, in recognition of his exceptional contributions to the project. The announcement was made on Monday during a special event held in honour of the late banker at Eko Hotel, Lagos, titled ‘Celebrating Herbert Wigwe – A Professional Legacy.’ Dangote paid tribute to the […]

todayMarch 5, 2024 10

BUSINESS

Shell supplies 475,000 barrels of crude oil to P’Harcourt refinery

The Shell Petroleum Development Company of Nigeria Limited said it has completed the supply of 475,000 barrels of crude oil to the Port Harcourt Refining Company Limited. The SPDC said this was in furtherance of the Federal Government’s commitment to increase domestic refining capacity and make petroleum products more readily available in the country. A statement by Shell Nigeria’s Media Relations Manager, Abimbola Essien-Nelson, on Monday disclosed that the company, […]

todayFebruary 12, 2024 33

BUSINESS

Dangote refinery: Diesel, JetA1 hit market January, petrol delayed

The Dangote Petroleum Refinery is set to start producing Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel in January 2024, while the production of Premium Motor Spirit, popularly called petrol, is being delayed by the supply of crude oil in installments. It was gathered on Sunday that the facility would require a minimum of six million barrels of crude oil to kick-start the full production of […]

todayDecember 11, 2023 59

BUSINESS

Dangote refinery secures licence to refine 300,000bpd crude

Africa’s richest man, Aliko Dangote, has said his refinery has secured a licence to refine more than 300,000 barrels of Nigerian crude per day and will begin to process gasoline soon. “We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” Dangote said in an interview in Riyadh on the sidelines of the Saudi-Nigeria business roundtable, according to Bloomberg. “We’re more than […]

todayNovember 13, 2023 87

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