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DANGOTE REFINERY
S&P Global has described the 650,000 barrels per day (bpd) Dangote Oil Refinery as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency
Nigeria's new Dangote oil refinery is ramping up gasoil exports to West Africa, capturing market share from European refiners, according to traders and shipping data.
A segment of Lagos-based Dangote Refinery was engulfed with fire on Wednesday afternoon, June 26, 2024, triggering an alarm in its environs.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied the claim made by the leadership of Dangote Refinery that there is imported dirty fuel in the country.
Dangote Refinery faces supply disruptions and market challenges, yet its potential for economic growth and job creation is immense.
Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused International Oil Companies (IOCs) in Nigeria of actively trying to undermine the Dangote Oil Refinery and Petrochemicals.
The price of Automotive Gas Oil, popularly referred to as diesel, has soared by 66.29% year to date (YTD) to over N1,403 as of May 2024.
Aliko Dangote, Africa’s richest individual, announced that the supply of diesel from his Dangote Refinery has caused a roughly 60% decrease in the commodity’s price in the local market.
Africa’s richest individual, Aliko Dangote, has revealed that his company secured in bank loans a swooping sum of about $5.5 billion to build the Dangote refinery.
Dangote Refinery is planning to set up a terminal in the Caribbean to export petroleum products to countries in the North American region.
Africa’s largest oil refinery, Dangote Refinery, has moved the date of production of premium motor spirit (PMS), popularly known as petrol, from June to the middle of July.
Aliko Dangote, has stated that individuals who benefit from fuel importation are deterring African governments from constructing refineries in the continent.