Tuesday, February 6, 2024

The NNPC is expected to supply four crude oil cargoes from its February programme to the $20bn Dangote refinery.

Must Read

BREAKING: CBN extends deadline for old naira notes to Feb 10

The Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10...

BREAKING: Security Operatives Arrest Political Thugs Working For Mao Ohuabunwa In Arochukwu

A combined team of the Nigerian Army and Department of State Services (DSS) have arrested suspected cultists and political...

BREAKING: Jabi Lake Mall Shuts Down Over Abuja Terror Threat

Jabi Lake Mall, one of the popular shopping outlets in the Federal Capital Territory (FCT), has shut down. The development...

Sen Orji Kalu Inspects Ugwa Agbai-Ezi Alayi Road, Ezeukwu Bridge

The Senator representing Abia North Senatorial District and Chief Whip of the Senate, Orji Uzor Kalu on Tuesday inspected...

BREAKING: Ndume storms out of senate chamber after Akpabio rules him out of order

Ali Ndume, chief whip of the senate, on Tuesday stormed out of the red chamber after he was ruled...

Dangote refinery, which is poised to begin operations after years of construction delays, is to get the crude oil cargoes next month from NNPCL, three sources with direct knowledge of the matter told Reuters.

What will be Africa’s biggest refinery has said it could begin test runs as early as this week, adding that it has received six initial crude cargoes.

Nigeria, a strong member of the Organisation of Petroleum Exporting Countries, currently relies on imports for most of the fuel it consumes.

Dangote’s Group Executive Director for Strategy, Portfolio Development and Capital Projects, Edwin Devakumar, said the company did not request cargoes from NNPC for January.

“We are starting the refinery and if we continue to line up cargoes our inventory will build up as well as costs,” he said. “If everything goes well, we will run for 8-10 days of operation then we will begin to line up cargoes.”

The refinery is also looking at crude supplies from other countries, he said without disclosing further detail.

Initial processing capacity is expected to reach 350,000bpd, with the aim of ramping up to full capacity by the end of the year, Dangote said.

Latest News

BREAKING: Roads Blocked As Residents Protest High Cost of Living In Minna, Niger State

The protesters said the rising cost of food items and poor government effort to arresting the situation forced them...

More Stories Like This