Dangote Oil Refining Company says its plant is awaiting the second shipment of barrels of crude in three weeks after it received its maiden one million barrels on Friday. The company, in a statement, said the STASCO vessel sailed to the refinery’s single-point mooring, where it was discharged into the refinery’s crude oil from the Shell International Trading and Shipping …

A Senate committee, on Thursday, threatened to report some oil and gas companies in the country to the Economic and Financial Crimes Commission (EFCC) if they are found culpable of misappropriating a Central Bank of Nigeria (CBN) intervention loan of N135 billion. The Chairman of the Senate Committee on Gas Resources, Hon. Agom Jarigbe, issued the threat when the beneficiary companies appeared before the …

The Organisation of Petroleum Exporting Countries (OPEC) has projected the establishment of new modular refineries in Nigeria. In its World Oil Outlook, launched in Saudi Arabia, OPEC projected that the refineries would complement the Dangote refinery to lift crude oil sales in Africa. The report hyped the 650,000 bpd-capacity Dangote Refinery as one the major contributors to sales in Nigeria …

By the last day of November, this year, Dangote Refinery will begin the refining of 650,000 barrels per day (b/d) of Premium Motor Spirits (commonly called petrol or fuel). A month earlier, the refinery, inaugurated by the then President Muhammadu Buhari last 22nd May and heralded as a game-changer for Nigeria and sub-Saharan Africa, will begin the commercial production of …

The Committee of Baales and residents of Ibeju Lekki in Lagos State at the weekend commended the management of Dangote Refinery on its social responsibility initiatives. They expressed appreciation to the company for providing vital infrastructure for their communities, repairing all the entrance roads of the 15 host communities by grading, sand filling, and applying stone base and now community …

Former governor of Ogun State, Senator Ibikunle Amosun, and his successor, Prince Dapo Abiodun on Wednesday, traded words over the alleged relocation of the $19 billion Dangote Refinery from Olokola Free Trade Zone in Ogun Waterside Local Government Area, to Lagos State. In a statement by his Media Officer, Bola Adeyemi, Amosun said that it is most uncharitable for anyone …

The Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote has said that the Dangote Petroleum Refinery and Petrochemicals would generate enough job opportunities for Nigerian youths. The 650,000 barrels per day project was commissioned by the President Muhammadu Buhari on Monday. It is expected to transform crude oil into different petroleum products such as diesel, gasoline, jet fuel and …

As the Dangote Refinery begins operations tomorrow (Monday), oil marketers have expressed optimism that the facility will help reduce the cost of petrol, if the government deregulates the commodity. Dangote Refinery, established by Africa’s richest man, Alhaji Aliko Dangote, is scheduled to be inaugurated on 22nd May. A presidential aide, Bashir Ahmad, had tweeted that the inauguration would be done …

As the Dangote Refinery begins operations next week, the supply of 300,000 barrels of crude oil per day by the Nigerian National Petroleum Company Limited to the facility is going to commence, the Group Chief Executive Officer of NNPCL, Mallam Mele Kyari, announced on Thursday. Kyari, who disclosed this at the ongoing fourth Nigerian Oil and Gas Opportunity Fair in …

It started like a grudge match. Africa’s richest man, Aliko Dangote, was dealt a bad hand in a failed transaction. Later, he vowed revenge. Not in a pound of flesh, but by venturing to make his own success where he had been ambushed. At issue was the decision of the government of Umaru Musa Yar’Adua in 2007 to reverse the …