Operations at important oil and gas regulatory organisations, such as the Nigerian National Petroleum Company Limited, the Nigerian Upstream Petroleum Regulatory Commission, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, were paralysed Monday by the nationwide strike announced by the Petroleum and Natural Gas Senior Staff Association of […]
Dangote refinery
Nigeria’s Dangote Oil Refinery is rapidly reshaping global crude trade flows, significantly increasing its reliance on U.S. West Texas Intermediate (WTI) crude amid shifting market dynamics. With a massive installed capacity of 650,000 barrels per day, the $19 billion Lagos-based facility is now sourcing a third of its crude oil […]
Dangote Refinery has announced its petrol pricing structure, stating that it sells at N990 per litre for truck distribution and N960 per litre for sales to ships. This disclosure follows assertions by the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association of Nigeria […]
Indications suggest that domestic airlines operators could soon be slashing ticket prices for passengers, thanks to the forthcoming supply of aviation fuel, Jet A1, by Dangote Refinery. The recent years witnessed a continual surge in jet fuel costs, compelling indigenous carriers to hike ticket prices to sustain operations. On February […]
The Dangote Refinery, which is the Africa’s largest petroleum refinery, has taken a bold step towards profitability by announcing plans to export its first two fuel cargoes. The news came after much anticipation from Nigerians who have been eagerly waiting for the refinery’s contribution to the Nigeria’s economy since its […]
Dangote Petroleum Refinery announced on Friday, January 12, 2024, that its multibillion-dollar oil-refining facility has officially commenced production of diesel and aviation fuel, along with other petroleum products in Lagos. Alhaji Aliko Dangote, President of Dangote Group, expressed gratitude to President Bola Ahmed Tinubu for his support and guidance […]