The Dangote Petroleum Refinery, on Monday, announced its readiness to commence production of refined petroleum products as it received the 6th batch of one million barrels of crude oil required by the plant for its initial operations. In a statement on Monday, the firm said, “Dangote refinery appears set to commence production of refined petroleum products with the receipt of …

The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). A statement from the $20 billion firm stated that the oil company was expecting the fifth crude oil shipment soon. The plant had earlier received three shipments of crude oil, as officials …

The coming on stream of Port Harcourt and Dangote refineries may only lead to marginal reduction in the cost of petroleum products and not a significant price crash, some oil and gas experts have said. According to the experts, who spoke to newsmen on Sunday in Abuja, ancillary costs such as freight and port charges, among others would have been …

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 …