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Dangote Refinery

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energy2 years ago

"Dangote Refinery Commences Production, Aims to Reduce Nigeria's Oil Imports"

The Dangote Refinery, Africa's largest, has commenced production of diesel and aviation fuel, marking the start-up of the refinery after years of delays. With a capacity of 650,000 barrels per day, the refinery is expected to meet 100% of Nigeria's demand for refined petroleum products and also have a surplus for export. The project, which has cost around $20 billion, aims to alleviate Nigeria's chronic fuel shortage and reduce its reliance on fuel imports, with plans to export diesel to Europe and gasoline to Latin American and African markets.

via OilPrice.com|
#africa#dangote-refinery#energy
energy2 years ago

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.

via Reuters|
#crude-oil#dangote-refinery#energy
business2 years ago

Nigeria achieves self-sufficiency in fuel production with Dangote Refinery commissioning.

Nigeria has commissioned the Dangote Refinery, owned by Africa's richest man, with hopes of transforming the country into a net exporter of petroleum products. The refinery has a capacity of 650,000 barrels per day and plans to export surplus petrol, turning Africa's biggest oil producer into an export hub for petroleum products. However, analysts warn that securing crude supplies could delay achieving full production this year, as Nigeria's oil production has been declining due to oil theft, pipeline vandalism, and underinvestment.

via Al Jazeera English|
#business#crude-oil#dangote-refinery