Browsing Tag

refinery

Dangote Refinery Dismisses Foreign Media Claims as Fabrications

Clarifying the Status of Dangote Refinery's Fuel Production In a recent conversation with the Punch, a senior spokesperson from the Dangote Refinery shed light on some misconceptions surrounding its fuel production unit. Reports suggested that operations were halted due to maintenance. However, according to the spokesperson, these claims don't reflect the current reality at the facility. “It is simply not true,” the spokesperson stated candidly during the interview. “Don’t believe everything you read online. We invite…

Turkey’s Top Refinery Turns to Nigeria for New Oil Supply

Nigeria's Oil Export Prospects: A Strategic Move with Tüpraş In a significant move aimed at enhancing its oil export ambitions, Nigeria has found a promising partner in Turkey’s largest refinery, Tüpraş. This partnership not only indicates a shift in export strategies but also highlights the importance of global energy markets in driving national economic objectives. As Nigeria strives to capitalize on its oil resources, Tüpraş is set to become a key buyer of Nigerian crude oil, ushering in a new chapter in this…

Dangote Refinery Reduces Fuel Prices to Ease Consumer Burden

In an ever-evolving business landscape, small adjustments can ripple through entire industries. On a rather bright Thursday morning, a notable update filtered into the emails of those closely watching Nigeria’s petroleum sector. The Dangote Refinery, a cornerstone of the country's energy structure, announced a subtle yet intriguing shift in its pricing structure. The ex-depot price, sometimes referred to as the gantry price, has been lowered to N865 per litre, a small but noteworthy decrease of N15 from just the previous…

Angola’s Sonangol Aims to Bridge $4.8B Gap for Lobito Refinery

In the bustling economic landscape of Angola, Sonangol, the nation's state-owned oil company, is entering a pivotal phase. They're deep in negotiations with both Chinese and European banks, aiming to bridge a $4.8 billion gap crucial for the Lobito refinery project. This initiative is not just a financial maneuver; it's a transformative leap towards energy independence. Imagine a refinery equipped to process a staggering 200,000 barrels of crude each day, reshaping Angola’s energy sector. According to Reuters, this…

Ghana Bauxite Company Plans Refinery to Energize Economy

Ghana Bauxite Company Set to Transform Local Industry with New Refinery Embarking on a significant journey towards industrialization, Ghana Bauxite Company is taking bold strides to maximize the potential of its raw materials. In the heart of this transformation lies a towering ambition: the establishment of a cutting-edge bauxite refinery right here in Ghana. Such a move isn't merely business as usual—it's a testament to the country’s drive to ascend on the industrial ladder, enhancing…

UAE Firm Wins Major Deal for New African 60,000 bpd Refinery

The Strategic Leap of Uganda's Refinery Project Nestled in the heart of the Kabaale, Hoima District, Uganda's ambitious refinery project stands as a beacon of transformation. Tasked with refining locally-extracted crude oil, the project symbolizes a bold stride towards energy independence, reducing the nation's reliance on foreign imports. Isn't it interesting how a single project can redefine a country's entire energy landscape? Tapping into…

Nigeria’s PH Refinery Celebrates 6 Months of Revival after 20-Year Hiatus

In an ambitious move towards energy independence, Nigeria has taken strides to diminish its reliance on imported petroleum products. Imagine for a moment a nation buoyed by its own resources, no longer tethered to volatile international markets. The heartbeat of this vision is the successful operation of its refineries, particularly a prominent one in Port Harcourt. The uninterrupted functioning of this facility, extending over 180 days, is a beacon of hope for Nigeria’s energy security.…

U.S. Sees Surge in Jet Fuel Imports from Dangote Refinery

US Dependency on Jet Fuel Imports: The Nigerian Shift The ever-evolving landscape of global trade has led to some noteworthy shifts, especially in the energy sector. This March, a fascinating development unfolds as the U.S. is poised to see its highest jet fuel imports in two years, with a significant portion arriving from Nigeria's renowned Dangote refinery. The Rise of Dangote Refinery Picture this: a sprawling industrial marvel standing as the largest refinery on the African…

Dangote Refinery Threatens to Halt Petrol Supply in Nigeria

The complexities of international trade and local economics can often brew storms, leaving us to wonder about the wisdom of certain policies. One such focal point right now is the bustling activity surrounding the Dangote Refinery, particularly with its naira-for-crude policy that’s been quite the topic. This policy, orchestrated by the Nigerian National Petroleum Company (NNPC) Limited, dictates that local refiners buy crude oil in naira rather than dollars. At first glance, this sounds like a strategic move to…

Dangote Refinery Wins NNPCL’s N100 Billion Import Suit

The legal community held its breath as Justice Inyang Ekwo, from the Federal High Court, issued a significant ruling that could alter the dynamics within Nigeria's oil industry. This ruling came after deliberating the submissions made by the legal teams representing Dangote Refinery, the NNPCL, and other stakeholders intricately woven into this legal tapestry. Sitting there in the courtroom, amidst the weight of the case files and the occasional shuffling of papers, one could almost touch the air of anticipation.…

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