The Nigerian National Petroleum Company Limited (NNPCL) has denied claims that it is responsible for the recent hike in Premium Motor Spirit, commonly called petrol, in the country. The company said the pricing of petroleum products from any refinery, including the Dangote Refinery Ltd, is determined by global market forces, stating that there is no guarantee of lower prices associated …

Ogun State Governor, Prince Dapo Abiodun, said the commencement of fuel production by the Dangote refinery will strengthen the nation’s economy by eliminating constant shortages and conserving foreign exchange. Petrol produced from the 650,000 barrels per day Dangote refinery is expected to hit filling stations in the next 48 hours as modalities with the Nigerian National Petroleum Company Limited (NNPCL) …

Nigerian billionaire, Femi Otedola has declared that the newly operational Dangote Refinery has delivered a “death blow” to the entrenched fuel import cabals that have long profited from Nigeria’s dependence on foreign oil. In a heartfelt letter to Dangote posted on his official X handle, Otedola praised the refinery’s historic achievement, heralding it as a transformative moment for the nation’s …

The Chairman of Dangote Group. Aliko Dangote today (3 September 2024) formally unveiled to the media the first petroleum product produced from the factory. At a world press conference heĺd at the company’s refinery in Lagos, he said that petroleum product from Dangote Refinery is now ready for the market. Dangote showcased a sample of the product in a white …

The Dangote Petroleum Refinery is set to roll out the sale of Premium Motor Spirit (PMS), otherwise known as petrol, according to The PUNCH. This is coming a few days after the 650,000-capacity refinery engaged in a test-run of the product. Industry sources confirmed to The PUNCH that the product would hit the market soon. The sources, who pleaded anonymity, …

Dangote Petroleum Refinery and Petrochemicals is set to begin production of premium motor spirit (PMS) popularly called petrol. Dangote Industries Limited’s Vice President for Oil & Gas, Mr. Devakumar Edwin, announced this during the tour of the refinery complex by the League of Engineering Bodies, including the National Society of Engineers (NSE), the Nigerian Academy of Engineering (NAE), the Association …

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 speculated price attributed to the Independent Petroleum Marketers Association of Nigeria is predicated on the belief that the $20bn refinery would crash the price of petrol if it gets crude supply support from the Federal Government. Petrol currently sells at ₦700/litre at many independent marketers’ stations while the official price from the Nigerian National Petroleum Company Limited (NNPCL) is …

Contrary to projections last month by the President of Dangote Group, Alhaji Aliko Dangote that Dangote Refinery would begin the production of petrol between last Saturday and Monday (today), there are indications that that may not be. But multiple officials close to the development confirmed to The PUNCH on Sunday that all was set for the refinery to begin the production …

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 …