July 22, 2024
All your news, One Platform!
0803 333 3333
info@inewszone.com
Search
Generic filters

NNPCL Supplies Dangote Refinery with 1 Million Barrels of Crude

December 21, 2023

 

 

 

 

 

 

 

 

Nigeria’s new $19 billion Dangote oil refinery has received 1 million barrels of oil from state-owned oil company NNPC Ltd, its second crude cargo this month, as it steps up preparations to begin operations, a Dangote spokesperson said on Wednesday.

The refinery is years behind schedule but its operations are expected to turn Africa’s largest oil producer into a net exporter of fuels, a long-sought goal for the OPEC member that almost totally relies on imports.

The Dangote spokesperson said the crude had been loaded at Bonny Terminal operated by Shell and would be discharged at the refinery outside Lagos on Wednesday. Another 3 million barrels were expected before month end, the spokesperson added.

Dangote has said it expects more cargoes to be supplied by NNPC this month as well as one from ExxonMobil.

Nigeria’s OPEC oil quota for next year is 1.5 million barrels per day (bpd) but the government says it plans to produce 1.8 million bpd to ensure supplies to the Dangote plant and state-owned refineries that are being upgraded.

Culled from Reuters

Share to:

Leave a Reply

Your email address will not be published.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

© Copyright 2021 inewszone Media
cross-circle