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DANGOTE REFINERY
The Nigerian National Petroleum Company (NNPC) Limited has signed a 10-year gas supply agreement with Dangote Refinery, marking a significant boost for local production and industrial growth in Nigeria.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached an agreement with Dangote Refinery to directly lift premium motor spirit (petrol), diesel and other products.
Three oil companies—Matrix Petroleum Services Limited, A.A. Rano Limited, and AYM Shafa Limited—have asked the Federal High Court in Abuja to prohibit the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) from reviewing or withdrawing their import licenses.
Vitol, Trafigura, and BP Plc have emerged as the dominant buyers of refined products from Dangote Refinery, securing 75% of its output, according to a recent report.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has reacted to the pricing of Premium Motor Spirit (PMS) from the Dangote Refinery, describing the N990 price as inconsiderate.
The recent petrol price hike by the Nigerian National Petroleum Corporation (NNPC) Limited has taken a toll on Nigerians, particularly commuters and motorists nationwide.
Dangote Refinery has criticized an unnamed international trading company for hiring a nearby depot to allegedly "blend substandard products" and compete with its higher-quality production in the Nigerian market.
The management of Dangote Refinery has announced that it is selling petrol at a reduced rate of N960 per liter for supply via ships and N990 per liter for supply via trucks.
The Dangote Group management has addressed reports suggesting that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is facing challenges in lifting products from the refinery, clarifying that no payments have been made to them.
Aliko Dangote, the CEO of Dangote Refinery, has addressed the growing fuel scarcity in the country, urging NNPC and other marketers to load fuel from the refinery.
Ghana could buy petroleum products from Nigeria’s Dangote Oil Refinery once the facility operates at full capacity, reducing the need for more expensive imports from Europe.
Dangote Refinery has supplied about 79.4 million litres of petrol by sea to the local market, marking a significant boost to Nigeria’s domestic fuel supply.