Audio By Carbonatix
Dangote Petroleum Refinery and Petrochemicals plant has purchased one million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO) trading over eight million barrels of crude oil per day.
The STASCO, one of the largest trading companies in Nigeria as well as globally, cargo contained one million barrels from Agbami and sailed to Dangote Refinery’s Single Point Mooring (SPM) where it was discharged into the refinery’s crude oil tanks.
This is a major step towards boosting Nigeria’s domestic refining capacity and attaining energy security (self-sufficiency).
The maiden one million barrels, which represent the first phase of the six million barrels of crude oil to be supplied to Dangote Petroleum Refinery by a range of suppliers, should sustain the initial 350,000 barrels per day to be processed by the facility.
The next four cargoes will be supplied by the NNPC in two to three weeks and the final of the six cargoes will be supplied by ExxonMobil.
This supply will facilitate the initial run of the refinery as well as kick-start the production of diesel, aviation fuel, and LPG before subsequently progressing to the production of Premium Motor Spirit (PMS).
This latest development will play a pivotal role in alleviating the fuel supply challenges faced by Nigeria as well as the West African countries.
Designed for 100% Nigerian crude with the flexibility to process other crudes, the 650,000 barrels per day Dangote Petroleum Refinery can process most African crude grades as well as Middle Eastern Arab Light and even US Light tight oil as well as crude from other countries.
Dangote Petroleum Refinery can meet 100% of Nigeria’s requirement of all refined products, gasoline, diesel, kerosene, and aviation jet, and also have a surplus of each of these products for export.
The refinery was built to take crude through its two SPMs located 25 kilometres from the shore and to discharge petroleum products through three separate SPMs. In addition, the refinery can load 2,900 trucks a day at its truck-loading gantries.
Dangote Refinery has a self-sufficient marine facility with the ability to handle the largest vessel globally available. In addition, all products from the refinery will conform to Euro V specifications.
The refinery is designed to comply with US EPA, European emission norms, and Department of Petroleum Resources (DPR) emission/effluent norms as well as African Refiners and Distribution Association (ARDA) standards.
President of Dangote Group, Mr. Aliko Dangote stated: “We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects.
"Our focus over the coming months is to ramp up the refinery to its full capacity. I look forward to the next significant milestone when we deliver the first batch of products to the Nigerian market.”
Country Chairman of Shell Companies in Nigeria, Mr. Osagie Okunbor stated: “We welcome the startup of a refinery that is designed to produce gasoline, diesel, and low-sulphur fuels for Nigeria and across West Africa and are happy to be enabling it.”
Latest Stories
-
Securing children’s tomorrow today: Ghana launches revised ECCD policy
2 hours -
Protestors picket Interior Ministry, demand crackdown on galamsey networks
2 hours -
Labour Minister highlights Zoomlion’s role in gov’t’s 24-hour economy drive
2 hours -
Interior Minister receives Gbenyiri Mediation report to resolve Lobi-Gonja conflict
3 hours -
GTA, UNESCO deepen ties to leverage culture and AI for tourism growth
3 hours -
ECG completes construction of 8 high-tension towers following pylon theft in 2024
3 hours -
Newsfile to discuss 2026 SONA and present reality this Saturday
4 hours -
Dr Hilla Limann Technical University records 17% admission surge
4 hours -
Meetings Africa 2026 closes on a high, Celebrating 20 years of purposeful African connections
4 hours -
Fuel prices to increase marginally from March 1, driven by crude price surge
4 hours -
Drum artiste Aduberks holds maiden concert in Ghana
4 hours -
UCC to honour Vice President with distinguished fellow award
5 hours -
Full text: Mahama’s State of the Nation Address
5 hours -
Accra Mayor halts Makola No. 2 rent increment pending negotiations with facility managers
5 hours -
SoulGroup Spirit Sound drops Ghana medley to honour gospel legends
5 hours
