Tag
DANGOTE REFINERY
The federal government has set up a committee to resolve the issue of supply to local refineries, including Dangote refinery.
An anti-corruption group, the Centre for Accountability and Transparency (CAAT), has advised Matrix Energy Limited to backtrack from its alleged attempt to gag the media following reports of alleged substandard petrol importation into Nigeria by the oil firm.
An Indigenous oil company, Matrix Energy Limited, has asked a Federal Capital Territory High Court to restrain two media houses and others from further publishing alleged libellous stories about its oil shipping business.
Dangote Petroleum Refinery is currently conducting test runs for petrol production, with expectations for full operations to begin by mid-September, according to a report by Reuters.
The Dangote Refinery, with a capacity of 650,000 barrels per day, is shifting its focus away from importing crude oil from the United States, as it expects to receive a greater supply from Nigeria, according to a report by Bloomberg.
The Nigerian National Petroleum Company Limited (NNPCL) has successfully repaid 60% of a $1.036 billion loan that it took in September 2021 to finance the acquisition of a 20% stake in the Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise (DPRP FZE).
The Federal Government has announced that sales of crude oil to the Dangote Refinery in naira will begin on October 1, 2024.
Aliko Dangote, the business magnate behind the $20 billion refinery in Nigeria's business capital, has seen his wealth decrease by more than $1 billion this year.
The management of Dangote Group has firmly refuted circulating reports that it has set the pump price of petrol at N600 per liter for sale to marketers nationwide.
Dangote Refinery, others raise local crude requirements to 597,700 barrels per day amid tight supply
Crude oil producing companies in Nigeria are expected to supply Dangote refinery and other local refineries about 597,700 barrels per day (bpd) of crude in the next five months to meet local demands.
The Nigerian National Petroleum Corporation (NNPC) Limited has reiterated that it is not involved in any sabotage of the Dangote Refinery, highlighting its substantial investment of billions of naira in the plant.
Nigerian investigative journalist David Hundeyin has raised serious allegations against an international NGO, known as Dialogue Earth, accusing them of attempting to commission a smear campaign targeting the Dangote Refinery under the pretext of environmental concerns.