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Apr
04
2024
By ISAAC ANYAOGU
Nigeria’s Dangote refinery supplies petroleum products to local market

Nigeria’s Dangote refinery supplies petroleum products to local market

BUSINESS
NIGERIA'S Dangote oil refinery started supplying petroleum products to the local market, a company executive and fuel marketing associations said, a major step in the country's quest for energy independence. The refinery, Africa's largest, was built on a peninsula on the outskirts of the commercial capital Lagos at a cost of $20 billion by the continent's richest man Aliko Dangote and was completed after several years of delays. It can refine up to 650,000 barrels per day (bpd) and will be the largest in Africa and Europe when it reaches full capacity this or next year. Dangote's group executive, Devakumar…
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Mar
29
2024
By The African Mirror
Kenya and Uganda resolve oil import row, Uganda says

Kenya and Uganda resolve oil import row, Uganda says

BUSINESS
KENYA will allow landlocked Uganda's state oil firm to import petroleum products through its port of Mombasa, Uganda's energy ministry confirmed, to end a row between the two neighbours. Uganda has been seeking alternative ways of importing petroleum products, including through a Tanzanian port after its oil retailers for decades received their cargo through affiliated firms in Kenya. Solomon Muyita, spokesperson for Uganda's Ministry of Energy and Minerals, said the first shipment under the new system was expected in May. "Kenya has agreed to give us a licence, UNOC (Uganda National Oil Company) is now free to import through Mombasa,"…
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May
23
2023
By MACDONALD DZIRUTWE
Nigeria commissions Dangote refinery, seeks to end fuel imports

Nigeria commissions Dangote refinery, seeks to end fuel imports

NEWS
NIGERIA commissioned Dangote Refinery amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect its achieving full production this year. The government of outgoing President Muhammadu Buhari sees the refinery as the answer to Nigeria's repeated fuel shortages, the latest of which hit the country in the run-up to February's disputed presidential election. Nigeria spent $23.3 billion last year on petroleum product imports and consumes around 33 million litres of petrol a day. Dangote's 650,000 barrels per day refinery plans to produce 53 million litres a day. The plant plans to…
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