AGS NEWS – The Dangote Petroleum Refinery is building eight additional tanks to boost its crude oil storage capacity amid challenges with local crude supply The $20 billion refinery plans to increase its storage by 6.29 million barrels, or 1 … Continue reading Dangote Refinery Expands Crude Oil Storage with Eight New Tanks
Major oil marketers will begin direct purchases of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery between Thursday and next week. This follows the Nigerian National Petroleum Company Limited (NNPCL) stepping down as the sole … Continue reading Marketers to begin direct Dangote petrol purchase
AGS NEWS – The Nigerian Senate has expressed concerns about the $1.5 billion allocated in 2021 for the maintenance of the Port Harcourt Refinery, noting little progress. Senator Opeyemi Bamidele, Chairman of the Senate Ad Hoc Committee investigating alleged economic … Continue reading Nigerian Senate probes $1.5bn spent on Port Harcourt Refinery rehabilitation
AGS NEWS – Financial data and media company Bloomberg has placed the Dangote Refinery ahead of Europe’s top 10 largest refineries. According to Bloomberg’s data, the refinery, located on the Lekki-Epe Expressway in Lagos State and worth $20 billion, boasts … Continue reading Dangote refinery surpasses top 10 European refineries in recent ranking
Investors in Dangote Group shares experienced a gain of N514 billion on Tuesday following the news that the Dangote Refinery had commenced production. The Nigerian Exchange Limited witnessed a surge in stock purchases as investors rushed to secure shares in … Continue reading Dangote investors pocket N514bn as refinery commences operations
The initial crude feedstock for Dangote’s 650,000 barrels per day (b/d) refinery has reached Nigeria, marking a significant development towards the commencement of fuel production at the $19 billion facility, as reported by SP Global, citing market sources and tanker … Continue reading Dangote refinery receives inaugural crude supply
Africa’s wealthiest man, Aliko Dangote, reveals that his refinery has obtained a license to refine over 300,000 barrels of Nigerian crude per day, anticipating the commencement of gasoline production in the near future. Speaking at the Saudi-Nigeria business roundtable in … Continue reading Dangote refinery granted license for 300,000bpd crude processing
Joseph Ameh, a staff member of Dangote Refinery, lost his life in a hit-and-run accident in the Ibeju Lekki area of Lagos state on Thursday. The unfortunate event unfolded as Ameh was walking along Golf Bustop on Lekki Epe Expressway … Continue reading Dangote refinery staff member fatally struck by hit-and-run driver in Lagos
The Sub-Saharan African Skills and Apprenticeship Stakeholders Network (SASASNET) provided insight into why the Dangote refinery chose to hire 11,000 skilled workers from India instead of employing youths from Nigeria and other African nations. The network stated that Nigerian youths … Continue reading SASASNET reveals why Dangote employed 11,000 workers from India
President Muhammadu Buhari is scheduled to inaugurate the Dangote Refinery and Petrochemicals, the world’s largest single-train refinery, situated in Ibeju-Lekki, Lagos. This landmark event is expected to transform Nigeria’s oil and gas sector significantly. Joining President Buhari are five other … Continue reading Dangote refinery: Buhari sets to inaugurate Nigeria’s game changing mega project in oil and gas sector
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