The Chairman of Dangote Industries Limited, Aliko Dangote, says the price of petrol from his refinery will be determined by…
Browsing: Dangote refinery
The Dangote Refinery, a monumental project with a capacity of 650,000 barrels per day, has officially commenced the production of…
The $20-billion Dangote refinery investment with a 650,000 barrel capacity per day will undoubtedly boost Nigeria’s foreign exchange. Equally, the…
The league of engineering bodies in Nigeria has hailed the impressive scale of engineering at the Dangote Petroleum Refinery and…
The Nigerian Bar Association (NBA) has called for the full implementation of President Bola Ahmed Tinubu’s directive on supplying crude…
To clarify, we have never accused NNPC of not supplying us with crude. Our concern has always been NUPRC’s reluctance to enforce the domestic crude supply obligation and ensure that we receive our full crude requirement from NNPC and the IOCs.
OPEC identified the Dangote Refinery as one of the key players poised to challenge traditional suppliers in Europe. The report underscores how the refinery’s increasing output, coupled with robust flows from the Middle East and new supplies from Mexico’s Olmeca refinery, could reshape the dynamics of the European oil market in the mid-term.
“As a government, we are committed to protecting our local industries. There is no two ways. We are committed to protecting all stakeholders in the oil sector; not just one company, not just one regulator, but every stakeholder deserves protection, which is the government’s responsibility.
“The decision to cap its equity participation at the paid-up sum was made and communicated to Dangote Refinery several months ago,” the spokesperson of the company Olufemi Soneye said in a statement.
“Another point that I think is important is that nobody knows the consumption in Nigeria of petroleum. We know we spend $600 million on fuel importion every month, but the issue here is that all the neighboring countries are benefiting.