The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for a reduction in petrol prices, urging the Dangote Refinery to lower its ex-depot price from ₦970 per litre in light of a reduced estimated landing cost of ₦900.28 per litre. This plea comes amidst the Federal Government’s crude-for-naira initiative, which began in October 2023. … Read more
The Dangote Petroleum Refinery has resumed purchasing crude oil from the United States, marking a significant step in its efforts to boost production and refine capacity. This follows a three-month pause in foreign crude imports as the refinery prioritized domestic supplies. Bloomberg reports that a shipment of two million barrels of WTI Midland crude from … Read more
The Dangote Petroleum Refinery has received four cargoes of crude oil from the Nigerian National Petroleum Company Limited (NNPCL) under a naira-for-crude agreement, according to both refinery officials and the Federal Government. These deliveries, made over the past three weeks, are part of a larger initiative where NNPCL supplies crude to local refineries in exchange … Read more
The Minister of Aviation and Aerospace Development, Festus Keyamo, has announced that Nigerian airline operators will now purchase Jet A1 fuel exclusively from the Dangote Refinery. This move follows an agreement between the operators and the refinery, which has Keyamo’s full support. EDITOR’S PICKS Health, Planning Ministries Partner with AfDB on Sustainable System Project Shamim … Read more
The Nigerian National Petroleum Company Limited (NNPC) has yet to begin the planned supply of crude oil in naira to the Dangote Petroleum Refinery, which was scheduled to start on October 1, 2024, as of Thursday, October 3. EDITOR’S PICKS Health, Planning Ministries Partner with AfDB on Sustainable System Project Shamim Ahmed: Student Ally of … Read more