•Dangote The Dangote Petroleum Refinery and Petrochemicals (DPRP) has dismissed claims that the Nigerian National Petroleum Company Limited (NNPCL) used a $1 billion loan secured through a crude forward sale agreement to support the refinery during a liquidity crisis. In a statement yesterday, the company’s Chief Branding and Communications of...
•Dangote Refinery The Nigerian National Petroleum Company Limited has disclosed it secured a $1 billion loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum Refinery. It also revealed that the firm facilitated the $3 billion Gazelle loan as a critical intervention to help stabilise ...
•Dangote refinery In a landmark move for regional energy integration, Dangote Refinery and Neptune Oil jointly announced the first-ever export of Premium Motor Spirit (PMS) from Dangote Refinery, Africa’s largest oil refinery, to Cameroon. Dangote, in a statement yesterday, said the milestone achieved was as a result of the strategic collabora...
•Dangote Refinery The Dangote Petroleum Refinery has begun the export of refined petroleum products to neighbouring West African countries, a sign to traders that the mega-refinery’s operations could soon potentially shake up regional fuel markets. A report by Bloomberg yesterday, quoting data sourced from Vortexa, Kpler, Precise Intelligence,...
The Independent Petroleum Marketers Association of Nigeria says over 30,000 of its members are set to buy Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery in bulk. IPMAN also revealed that the price of petrol from the $20 billion Lekki-based plant was N940/litre and N990/litre when purchased using ships and tr...
•Mele Kyari and Dangote refinery The Nigerian National Petroleum Company Limited has stopped importing refined petroleum products and is now off-taking fuel from the Dangote Petroleum Refinery and other local refineries. NNPC’s Group Chief Executive Officer, Mele Kyari, disclosed this yesterday at the ongoing conference of the Nigerian Associa...
•Dangote “Those boasting to sell petrol below our price are importing substandard products”, Dangote Refineries said yesterday. The refinery which rolled out petrol from its plant on September 15, announced that it is selling to trucks at N990 per litre, reports The Nation. The company spoke through its Chief Branding/Communication Officer, Mr...
•Dangote Refinery Ghana may shift to purchasing petroleum products from Nigeria’s Dangote Oil Refinery once it reaches full operational capacity, potentially cutting its $400 million monthly fuel imports from Europe. This move could signal a significant cost reduction for Ghana and reinforce regional trade in Africa, reports Nigerian Tribune. ...
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, reports The Nation. According to the document, the NNPCL requested for 1.065 billio...
•Dangote Dangote Refinery has announced its readiness to drop the case instituted against the Nigerian National Petroleum Corporation Limited (NNPCL) and five other companies over importation of petroleum products. The other five companies are Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited and Matrix P...
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