Connect with us

Business

Dangote Refinery Announces Importation Of Crude Oil From US

Dangote refinery, the largest in Africa, has previously received shipments of bonny light crude…

Published

on

Dangote refinery
Dangote Refinery

Trafigura Group has reportedly sold 2 million barrels of WTI Midland to Dangote refinery for end-February delivery, marking the first instance of the Nigerian refinery purchasing non-Nigerian crude.

VerseNews reports that Dangote refinery, the largest in Africa, has previously received shipments of bonny light crude from the Nigeria National Petroleum Corporation Limited (NNPC).

The latest crude shipment, part of a total of six million barrels expected, brings the refinery closer to its operational commencement, with plans to produce diesel, aviation fuel, LPG, and later, Premium Motor Spirit (PMS).

Advertisement

Managing director of Dangote Ports Operations, Akin Omole, told newsmen at the Dangote Quay, Ibeju-Lekki, Lagos that the Refinery will receive about four million crude shipment before the end of 2023 and the remaining two by the early of January 2024.

He said, the crudes supply would put the Refinery in good stead to commence operation. The company stated, once the six million barrels are fully delivered, it will facilitate the initial run of the refinery as well as kick-start the production of diesel, aviation fuel, and LPG before subsequently progressing to the production of Premium Motor Spirit (PMS).

WhatsAppCOnnect

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

WhatsApp Image 2026 02 24 at 9.03.20 PM WhatsApp Image 2026 02 24 at 9.03.20 PM
News10 hours ago

IPOB Hails Georgia As Nnamdi Kanu Bags Prestigious Honorary Citizen Award In U.S

IPOB has expressed appreciation to officials in Georgia, United States, following the conferment of an honorary citizenship award on its...

peter obi ass peter obi ass
News11 hours ago

BREAKING: Peter Obi Escapes Assassination as Thugs Shoot at Obidient Movement Members in Edo

The Obidient Movement has raised concerns after alleged armed thugs attacked Peter Obi and party leaders in Benin, Edo State,...

Kayode Egbetokun Kayode Egbetokun
News11 hours ago

Why Egbetokun Resigns as IGP – Presidency Reveals Meeting Details

The Presidency has confirmed the resignation of Inspector-General of Police Kayode Egbetokun.

schoolchildren bokoharam schoolchildren bokoharam
News15 hours ago

BREAKING: Presidency Breaks Silence on ₦2bn Ransom Payment to Boko Haram for Niger Schoolchildren Release

The Federal Government has dismissed reports alleging it paid a huge ransom and released militant commanders to secure the freedom...

CBN Sacks Directors CBN Sacks Directors
Business15 hours ago

BREAKING: CBN Cuts Interest Rate to 26.5% in Latest Policy Move

The Central Bank of Nigeria has reduced the Monetary Policy Rate by 50 basis points to 26.5%.

IGP Kayode Egbetokun IGP Kayode Egbetokun
News17 hours ago

BREAKING: President Tinubu Sacks IGP Kayode Egbetokun, Names Successor

President Bola Tinubu has reportedly removed Inspector-General of Police (IGP) Kayode Egbetokun, with AIG Tunji Disu set to take over,...

maxresdefault 3 maxresdefault 3
News5 days ago

[JUST IN]: US-Based Igbo Groups Hail Enugu Monarch For Confronting Tinubu, Demand Kanu’s Release (Full Details)

US-based Igbo advocacy groups have praised an Enugu monarch for openly confronting President Bola Tinubu.

gaming gaming
News5 days ago

Lagos Begins 5% Withholding Tax on Gaming Winnings

The Lagos State Government has commenced a 5% withholding tax deduction on gaming winnings.

ezgif 606f4cb933138d6e ezgif 606f4cb933138d6e
Entertainment5 days ago

Ogun Police to Arrest, Prosecute TikTok User Mirabel Over Alleged False Rape Claim

The Ogun State Police Command has concluded plans to arrest and prosecute a TikTok user, Mirabel, after she allegedly admitted...

kanu kanu
News5 days ago

AVID Condemns Killing of Ondo Monarch, Demands Kanu’s Release and Security Reforms

The American Veterans of Igbo Descent (AVID) has condemned the killing of Oba Kehinde Falodun in Ondo State.

Advertisement