Business
Dangote Refinery Commences Fuel Production As First Crude Shipment Arrives
The tanker is expected to arrive today, December 7 around 8pm, thus marking the initiation of crude…
The $19 billion Dangote Refinery project in Nigeria, is set to commence fuel production following the arrival of the first crude shipment at the facility, marking a significant milestone for the country’s oil industry.
VerseNews reports that tn a report, S&P Global said that the OTIS tanker, carrying a 950,000 barrel cargo of Nigeria’s Agbami crude, set sail on December 6 and is currently en route to Lekki, the nearest land port to Dangote’s offshore crude receiving terminal.
The tanker is expected to arrive today, December 7 around 8pm, thus marking the initiation of crude supplies for the refinery’s operations.
The Suezmax tanker, chartered by the state-owned Nigerian National Petroleum Company (NNPC), symbolises the initial crude supply to Dangote’s refinery as it gears up to initiate production, the S&P report said.
The NNPC, owning a 20% stake in the refinery, recently entered an agreement to supply 6 million barrels of crude oil as feedstock to the Dangote refinery in December, aiming to jumpstart operations.
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