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Refinery : Dangote Management Denies $500 Million Offshore Facility Talk with Vitol and Trafigura

There are strong indications that the management of Dangote Refinery is keeping close to their chest the alleged talks with Vitol and Trafigura, two major oil trading firms for a $500 million offshore facility for the completion of the 650, 000 barrel per day refinery According to reports from Reuters the Africa’s richest man Aliko Dangote is in talks with ...

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Dangote Refinery Partners NCDMB on Oil Sector Research, Development

Dangote Refinery has announced a partnership with the Nigerian Content Development and Monitoring Board on the promotion of research and development in Nigeria’s oil and gas industry. According to a statement from the firm, Dangote refinery was a platinum sponsor of the second edition of the NCDMB Research and Development Fair and Conference 2021 in a bid to show its ...

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Dangote: Only A Third of NNPC’s Investment in Refinery Will Be Paid in Cash

……..Project will save country scarce forex, says Emefiele…..Africa’s richest man and the President of the Dangote Group, Alhaji Aliko Dangote, yesterday disclosed that the 20 per cent equity taken by the Nigerian National Petroleum Corporation (NNPC) in his much-awaited refinery will not be paid in a single cash transaction. Speaking during a documentary aired on Arise News Channel, THISDAY’s broadcast ...

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Dangote $2 Billion Petrochemical Plant to Produce Top Grade Polypropylene

Dangote $2 billion Petrochemical Plant is set to produce 77 top grades polypropylene products that will save the country huge foreign exchange. Dangote Industries Limited said its petrochemical plant in Lagos is designed to produce 77 different high-performance grades of polypropylene in the country. The company said in a statement on Sunday that with a turnover of $1.2bn, the plant, ...

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NASS May Revisit PIA and NNPC/Dangote Refinery Equity Arrangement

…………..by Jenifer Dike………..The National Assembly may revisit some of the provisions contained in the Petroleum Industry Act (PIA) and the agreement between the Nigeria National Petroleum Corporation ( NNPC) and the Dangote Refinery. The House is thinking of making a new provisions in the PIA to ensure that Refineries established in Nigeria whether in the free Zone or anywhere must ...

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4 Modular Refineries Complete Construction, To Start Operations Soon – Sylva

The Minister of state for Petroleum Resources, Chief Timipre Sylva says the modular refinery programme to boost local production of crude oil in the country is on course. Some of the refineries are Waltersmith Refining & Petrochemical Company Limited with 5,000 barrels per day (BPD), OPAC Refineries, Niger Delta Petroleum Resources (Train 3), Edo Refinery and Petrochemical Company limited and ...

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Dangote Refinery to Partner NARTO on Product Distribution

Dangote Refinery has said that it will be partnering with the Nigerian Association of Road Transport Owners to distribute petroleum products from the refinery across the country. A statement from Dangote Industries Limited on Sunday said that members of the association paid a visit to the refinery in Ibeju-Lekki during which they toured the facility and expressed their willingness to ...

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Kyari Tasks NNPC Greenfield Refinery Board on Fuel Importation

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged members of the Board of the NNPC Greenfield Refinery Limited (NGRL), to explore all available options to bring an end to the current challenge of petroleum products importation. Mallam Kyari gave the charge Thursday while inaugurating the Board of the newly incorporated subsidiary of ...

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Nigeria Refined 145,86 million Barrels of Crude Oil Worth N2.39 Trillion in Offshore Refineries

The Nigeria National Petroleum Corporation (NNPC) reports has shown that Nigeria has Refined a total of 145,86 million barrels of Crude Oil Worth N2.39 Trillion in Offshore Refineries This was done between March 2020 and March 2021 to ensure domestic supply of refined petroleum products in Nigeria as the country’s plants remained in a state of disrepair. The corporation, in ...

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AMCON Refutes Claim of Taking Over Dangote Refinery

……….Says Dangote Refinery not in Debtor’s List……….. Assets Management Corporation of Nigeria (AMCON) has refuted report that it plans to take over the Dangote Refinery over debts owed by the Dangote Group to banks, the corporation have denied such claims, saying it have no business with the group as the refinery is not in it’s debtors list. Some online news ...

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