The Organization of the Petroleum Exporting Countries (OPEC) has praised the Dangote Refinery in Nigeria, saying it has reduced pressure on European markets. The refinery, which is owned by Nigerian business magnate Aliko Dangote, has been touted as a game-changer for the global oil industry. According to OPEC, the Dangote Refinery has helped to alleviate…
The Dangote refinery, a massive oil refining complex located in Lagos, Nigeria, has been hailed as a wonder of modern technology by the Japanese Ambassador to Nigeria, Mr. Matsunaga Kazuyoshi. The ambassador, who recently toured the facility, expressed his amazement at the sheer scale and sophistication of the project, which is expected to revolutionize Nigeria’s…
Controversy over the supply of petrol from Dangote Refinery to the Nigerian National Petroleum Company Limited (NNPCL) deepened yesterday. In a new twist, a document from the state oil company showed that the refinery has been unable to meet the supply request. According to the document, the NNPCL requested for 1.065 billion litres between September…
All Petroleum marketers can now buy products directly from the Dangote Refinery, Lagos. The decision was reached at a meeting of the technical committee headed by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, according to a statement by the ministry, in Abuja, this afternoon. This ends the arrangement in…
In a significant development, the Federal Government and Dangote Refinery have reached an agreement to pay for crude oil supplied to the facility in local currency. This arrangement will enable the 650,000 barrels per day refinery to receive a substantial 24 million barrels of oil throughout October and November this year. According to a report…
