Dangote refinery

Dangote Refinery will establish an oil trading unit that will help source feedstock for its 650,000 barrels per day plant on the outskirts of Lagos, Reuters reported on Tuesday, citing sources. The oil trading arm, likely to be situated in London, takes away the need to hire commodity traders for crude supply and related services, which could help scale back costs. While it could soften spending pressure for a refinery just starting to find its feet in crude oil processing, it is a blow to big names like Vitol…

The 650,000 barrels per day Dangote Refinery has concluded plans to export its first fuel cargoes, according to a report. The refinery has issued tenders to sell two fuel cargoes for export, Reuters reported Wednesday, quoting trading sources with knowledge of the matter. The first cargo is 65,000 metric tons of low-sulphur straight-run fuel oil, which Dangote has awarded to Trafigura and is due to load at the end of February, three of the sources said. At least one refiner said they had been offered the cargo by…

The 650,000 barrels per day Dangote Refinery is set to import crude from the United States (US) in the coming months, a report has said. Trafigura Group sold 2 million barrels of WTI Midland to the Dangote refinery for end-February delivery, Bloomberg reported Monday, quoting traders with knowledge of the matter. This is the first time that the giant refinery has purchased non-Nigerian crude, traders said. Dangote Petroleum Refinery had earlier in the month commenced production of diesel and aviation fuel.…

Dangote Refinery has made a further move towards the commencement of the production of refined petroleum products with the receipt of an additional one million barrels of crude bonny light supplied by the Nigeria National Petroleum Corporation (NNPC). The fresh one million barrels of crude from the Shell terminal via the MT Otis owned by Trafigural is the second consignment to be delivered to the Dangote facility out of the six million barrels of crude being expected by the world’s largest single-train refinery.…

In a major step towards boosting Nigeria’s domestic refining capacity and attaining energy security (self-sufficiency), Dangote Petroleum Refinery and Petrochemicals plant has purchased 1 million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO), one of the largest trading companies in Nigeria as well as globally, trading over 8 million barrels of crude oil per day. The STASCO cargo contained 1 million barrels from Agbami and sailed to Dangote Refinery’s Single…