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Dangote Refinery to establish oil trading unit in cost-cutting push

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…

Teamsters Authorize Strike at Marathon Petroleum Refinery

Teamsters said that 95% of workers at the refinery had voted to authorize the strike. Teamsters said that 95% of workers at the refinery had voted to authorize the strike. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not…

Dangote refinery to export first fuel cargoes

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…

Dangote refinery to import US crude

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.…

Suncor’s Commerce City oil refinery reported 13 new malfunctions

Suncor Energy’s oil refinery in Commerce City has reported 13 malfunctions since Dec. 1, sending excessive amounts of harmful pollutants into the air as the company provided little public information as to whether or not people’s health was at risk. The malfunctions caused Suncor to release more pollutants than the company is allowed under its two federal air pollution permits, and on at least two occasions those excessive releases lasted for days. In one incident on Jan. 13, the amount of hydrogen sulfide expelled from…

The US’s largest battery-grade lithium refinery will be in Oklahoma

Stardust Power, a lithium refiner supplying the EV sector, is going to build the US’s largest battery-grade lithium refinery in Oklahoma. The refinery will be in Southside Industrial Park in Muskogee, Oklahoma, southeast of Tulsa, and is expected to be capable of producing up to 50,000 metric tonnes of battery-grade lithium annually. Connecticut-based Stardust Power said it selected Muskogee because of the state’s central US location for delivery and shipment. Muskogee also has a skilled…

Proposed Abia modular refinery will begin operation in 2025 — Official

The Commissioner for Information and Culture in Abia State, Okey Kanu, says the proposed modular refinery at the Abia Industrial Innovation Park will come on stream by 2025. Mr Kanu made this known on Tuesday while briefing reporters on the outcome of the State Executive Council meeting at the Government House, Umuahia. He said the refinery would be the first major project to be executed in the park and it would begin to operate fully in 2025. The commissioner said that the refinery would provide 2,000 direct…

NNPC seeks private operators for Port Harcourt refinery

The Nigerian National Petroleum Company Limited (NNPC) says it is seeking private companies for the operation and maintenance of its Port Harcourt refinery in Rivers State. The NNPC disclosed this on Monday in a post on X. The Nigerian government, in 2023, resumed rehabilitation of three of its four refineries – Warri, Kaduna and Port Harcourt refineries. The country’s Minister of State for Petroleum, Heineken Lokpobiri, would later raise the hopes of many Nigerians when he said the Port Harcourt Refinery would…

Dangote Petroleum Refinery begins production

Dangote Petroleum Refinery has commenced production of diesel and aviation fuel, a statement by the company said. The President of Dangote Group, Aliko Dangote, elatedly thanked President Bola Ahmed Tinubu for his support, encouragement, and thoughtful advice towards the actualisation of this project. Mr Dangote also thanked the Nigerian National Petroleum Company Limited (NNPC Limited), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Midstream and Downstream Petroleum Regulatory Authority…