Dangote Refinery Successfully Receives First Crude Shipment, Marking Major Milestone

Nigeria's Dangote oil refinery, funded by Aliko Dangote, received its first cargo of 1 million barrels of crude oil from Shell International Trading and Shipping Co (STASCO), marking a significant step towards the start of operations. Once fully operational, the refinery aims to turn Nigeria into a net exporter of fuels, reducing its reliance on imports. The cargo of 1 million barrels is the first of 6 million barrels that will enable the refinery to begin production of diesel, aviation fuel, and Liquefied Petroleum Gas, followed by Premium Motor Spirit. Nigeria's state oil firm NNPC will supply the next four cargoes, with the final cargo coming from ExxonMobil. The refinery, commissioned in May, is one of Nigeria's largest investments and aims to address the country's fuel shortages.