refinery

Industry Update: Dangote Refinery's Crude Strategy In a significant development that reflects the turning tides in Nigeria's oil industry, the Nigerian National Petroleum Company (NNPC) Limited has chosen to pause its Naira-for-Crude agreement with local refineries. This arrangement, initially designed to empower local refineries to purchase crude in Nigeria's local currency, the Naira, has hit a procedural snag. But what does this mean for the industry at large? The immediate effect…

Unveiling the Global Outreach of Africa’s Largest Refinery In the heart of Africa’s industrial landscape lies a formidable structure: the $20 billion Dangote Petroleum Refinery, a beacon of ambition and commercial prowess. However, just as Rome wasn't built in a day, neither can such vast operations rely solely on local resources. Isn't it fascinating how our world has become so interconnected, from the coffee in your morning cup to the very oil driving this refinery? As…

Imagine stepping into the vibrant arena of the petroleum industry where strategies, alliances, and economic policies play in concert like a well-rehearsed symphony. Within this dynamic landscape, Dangote Refinery has struck a significant chord by partnering with Optima Energy. This move complements its existing partnerships with MRS Nigeria, Ardova PLC, and Hyden, reinforcing its fuel distribution network in an ever-evolving market. Since the operational commencement of Dangote’s $20 billion…

There's something remarkably exhilarating about big changes in industries, especially when those changes bring about a shift in how things have been operating for years. One wonders: Are such monumental changes noticeable immediately, or do they require a subtle, prolonged observation before their full impact becomes evident? In the bustling world of oil refining, the Dangote Refinery, towering over the skylines of Nigeria, has embarked on a noteworthy journey. Recently, it achieved a significant…

Picture this: You walk into a fuel station, grumbling about rising fuel prices, only to find out that you overpaid on your last visit because prices have been reduced. Annoying, right? Well, it seems like the folks at Dangote Petroleum Refinery are determined to address this exact scenario. Dangote Petroleum Refinery recently unveiled a plan that might make fuel users across Nigeria breathe a sigh of relief. Starting…

Picture this: A colossal refinery standing tall in Nigeria, not just a symbol of industrial progress but an emblem of a nation's ambition to be a giant in the petrochemical industry. The Dangote Refinery, brainchild of Africa's renowned business magnate Aliko Dangote, is making strategic and daring moves in the global oil market. Their latest venture? A million-barrel crude oil shipment expected from Algeria in mid-March, marking an essential pivot in their crude sourcing philosophy. In the…

Stuart Young, the Acting Prime Minister of Trinidad and Tobago, recently highlighted a major factor that set Nigerian oil company Oando apart from other bidders vying for ownership of the Guaracara Refinery. Their robust financial backing, evidenced by their ability to secure sizable investments in the upstream oil sector, gave them an undeniable advantage. But what does it really mean to have such financial muscle, and how does it influence a bidding process? Young, who also serves as the Minister of Energy,…

The Changing Landscape of Nigeria's Fuel Supply Imagine driving through the bustling streets of Lagos or the serene landscape of Abuja, knowing that the gasoline fueling your journey might just be a product of the prolific Dangote Refinery. Recent reports suggest a significant shift in Nigeria's petroleum industry, with this refinery supplying an impressive 60% of the nation's domestic petrol needs. Yes, you read that right—60%! But what does this really mean for Nigeria’s energy landscape?…

KHARTOUM, Sudan - In a saga spun from the pages of a geopolitical thriller, the Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF) find themselves tangled in a blame game over a recent event that turned an oil refinery into a smoking ruin, marking yet another milestone in their prolonged three-year conflict. The tension between these groups is akin to a pot on a perpetual boil—always simmering, never cooling. One could not mistake the drama unfolding over the Al-Jaili refinery, which lies…

Nigeria is making strides toward revitalizing its Warri oil refinery, which has been dormant for nearly a decade due to a series of technical problems. The Warri Refinery, boasting an impressive capacity of 125,000 barrels per day, had faced prolonged closures as a result of aging infrastructure and a lack of crude oil supply. However, recent reports indicate that operations have recommenced, and the facility is currently functioning at about 60% of its capacity, as shared by Bayo Onanuga, spokesperson for the presidency.…