The Dangote Petroleum Refinery is reducing its importation of crude from the United States (US), taking more of Nigeria’s oil for processing, a report by Bloomberg said. The report stated that the 650,000 refinery is set to import just over four-fifths of its feedstock from domestic sources in the third quarter. That compares with less than three-quarters in the prior …

The Federal Government has disclosed that sales of crude oil to Dangote Refinery and other local refineries will commence 1 October, 2024. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the announcement during a meeting with the Implementation Committee on Monday in Abuja. According to a post on the official X (formerly Twitter) page of …

The National Assembly Special Committee on Crude Oil Theft has warned that the era of stealing the country’s crude oil is over as anybody found to be involved in the act will face the full wrath of the law. In a statement on Saturday. chairman of the special committee, Hon. Ado Doguwa said: “We can not in anyway afford to …

Domestic refineries in the country, mainly the 650,000 barrels-per-day capacity Dangote Refinery, have raised their crude oil requirements from Nigeria’s oil-producing companies to 597,000 for the second half of this year, up from 483,000 barrels per day in the first half. This is according to a statement from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and reported by Reuters on …

Ever since the Dangote Refinery began production late last year, it has faced numerous challenges. It has been in conflict with many major players in the oil and gas industry, including the national oil company, Nigerian National Petroleum Company Limited (NNPC Ltd.), as well as the two industry regulators: the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream/Downstream …

The Inspector-General of Police Special Task Force on Petroleum and Illegal Bunkering has recovered 250,000 litres of crude oil and 350,000 litres of Automotive Gas Oil during operations conducted across the country in July. Additionally, the task force recovered 13 trucks and arrested 17 individuals in various operations nationwide. Among the 17 suspects were members of a syndicate smuggling petroleum …

When the Dangote Refinery issue controversy blew up, naturally as someone wired to support anyone l perceive to be oppressed, this time, Dangote, l lined up in support of the richest man in Africa. I perceived he was being unduly treated by the downstream and midstream regulators, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). For days, l had …

The Joint Taskforce Operation (JTF) Delta Safe in the Niger Delta has said daily crude oil output has reached 1.7 million barrels per day. Additionally, it said the international oil companies are operating at maximum production capacity with all three major oil pipelines achieving 100 flow. The Coordinator of OPDS Joint Media Campaign Centre, Major K.O Owolabi, disclosed this in …

The Dangote Petroleum Refinery is going to need about N1.7 trillion worth of crude oil monthly following the directive of President Bola Tinubu mandating the Nigerian National Petroleum Company Limited (NNPCL) to sell crude to the plant and other domestic refineries in naira. On Monday, President Tinubu directed NNPCL to sell crude to the Dangote refinery and other upcoming refineries …

President Bola Tinubu has directed NNPC Limited (NNPCL) to sell crude to Dangote Refinery and other upcoming refineries in Naira. In a post via his official X handle on Monday, Special Adviser to the President on Information and Publicity, Mr. Bayo Onanuga said that the move, which is to ensure the stability of the pump price of refined fuel and …