Dangote Refinery To Begin Production, With The Supply Of  950,000 Barrels Of Crude Oil

Dangote Refinery To Begin Production, With The Supply Of 950,000 Barrels Of Crude Oil

The Dangote Oil Refinery is finally set to commence fuel production as the first crude shipment arrives at the facility on Thursday.

S&P Global confirmed this in terse statement, stating that the OTIS tanker, carrying a 950,000 barrels of Nigeria’s Agbami crude set sail on December 6.

The Supermax tanker, chartered by the state-owned Nigerian National Petroleum Company Ltd (NNPC Ltd), symbolizes the initial crude supply to Dangote’s state-of-the-art refinery as it gears up for production.“The tanker is expected to arrive on December 7 around 8 p.m.; this shipment marks the initiation of crude supplies for the refinery’s operations,” the statement said.

See also  Mangu Indigenes Protest Killing Of Over 100 Persons In Two Days

According S&P Global, the tanker is currently en route to Lekki, Lagos State, which is the nearest land port to Dangote’s offshore crude receiving terminal.

It was earlier reported that the NNPC Ltd, In its bid to attain energy security in the country and boost domestic refining, was set to deliver six million barrels of crude oil to the refinery in December.

See also  Go To Local Govt Offices To Inspect Ballot Papers Used For 2023 Polls- INEC REC Tells Political Parties

The oil company has already taken an equity stake in the Dangote refinery and will start supplying crude oil to the facility.

On November 26, Aliko Dangote confirmed that the refinery will begin operations in December 2023.

According to Dangote, the long-awaited refinery is starting with 350,000 barrels a day, and also confirmed that a deal had already been clinched for the first cargo of about 6 million barrels of crude for delivery in December 2023.

See also  Bad Eggs: Immigration Dismisses 4 Officials, 14 Demoted ,18 Others Undergoing Corruption Punishments'

Section 109 of the Petroleum Industry Act (PIA) 2021 stipulates domestic crude oil supply obligation to refineries, including the Dangote Refinery as well as NNPC refineries in Port Harcourt, Warri and Kaduna and the modular refineries scattered all over the country.

The section also provides that the supply of crude oil to the domestic market shall be on a willing buyer and willing seller basis.

Related post

Hunter Shoot Teenage Son Dead For Eating Last Meal Without Permission In Abia

Hunter Shoot Teenage Son Dead For Eating Last Meal…

A man shot and killed his son in Umunneochi LGA because he ate the only remaining cooked food in the kitchen.…
Army Swiftly Respond To Distress Call, Rescues 10 Peace Mass Transit Passengers From Kidnappers In Kogi

Army Swiftly Respond To Distress Call, Rescues 10 Peace…

Nigerian Army troops have rescued ten passengers who were abducted by kidnappers while travelling from Calabar to Abuja. The incident occurred…
This Disease Is From God: Education Commissioner Says As Meningitis Outbreak Ravaging Public Boarding Schools Kills 20 In Yobe

This Disease Is From God: Education Commissioner Says As…

A deadly disease suspected of being Meningitis has reportedly claimed the lives of at least 20 students from several boarding public…

Leave a Reply

Your email address will not be published. Required fields are marked *