NNPC Limited has affirmed its commitment to supplying crude oil for local refining based on mutually agreed terms and conditions. NNPC Limited debunked recent reports circulating on social media regarding the alleged unilateral termination of the crude oil sales agreement in Naira between NNPC and Dangote Refinery. In a statement by Olufemi Soneye, Chief Corporate…
Nigeria and its citizens are currently going through enormous pains as a result of the quest to emplace as close to a perfect market as can be in the downstream sector of the oil and gas industry. Over the years, a number of factors distorted the market, chief of which was the fuel subsidy regime….
When the news broke last week that an agreement was now in place that would see to NNPCL loading petrol from the Dangote Refinery, it came with a mix of joy and relief for some of us. Whereas the question of pricing was dominant in public discourse at the time, I didn’t think it was…
When the news broke in January this year that the Dangote Petroleum Refinery was finally commencing operations, coming after years of delays and postponements of the start of production, there was palpable relief across the land that we were finally on the journey to ending the decades-long regime of spending tens of billions of dollars…
Dangote Refinery (http://www.Dangote.com) appears set to commence production of refined petroleum products with the receipt of the sixth batch of the of barrels of crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million Agbami barrels of crude via MT ALMI SUN is the sixth to complete the scheduled 6 million…
The long-awaited Dangote refinery — billed as a game-changer for Nigeria and sub-Saharan Africa — will receive its first cargo of crude in the next two weeks and will begin producing up to 370,000 b/d of diesel and jet fuel from October, a senior company executive told S&P Global Commodity Insights. In a wide-ranging exclusive…
