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Tag: crude oil
Dangote sets to buy 12m barrels of crude oil from the United States for refinery operations.
The Dangote Petroleum Refinery is awaiting up to 12 million barrels of crude oil from the United States of America. The refinery resorted to crude importation as local supply challenges…
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Increase in fuel price not our fault – Marketers
Dangote Refinery and Petroleum Products Marketers have shifted the blame for the recent premium motor spirit price hike to global crude oil prices as Nigerians lament its impact. Accordingly, the…
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Rising Crude Prices May Spark Fuel Cost Hike
The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major…
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Suspend Crude-For-Loan Deals,Dangote To Federal Govt
The President of Dangote Group, Alhaji Aliko Dangote, has said that Nigeria needs to stop mortgaging crude oil to ensure the availability of feedstock for local refineries. Dangote, who spoke…
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Dangote Refinery Boosts Domestic Crude Oil Processing, Reduces Crude Imports from US
The Dangote Petroleum Refinery is reducing its importation of crude from the United States, taking more of Nigeria’s oil for processing, a report by Bloomberg said. The report stated that…
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Report Reveals Plans By Dangote Refinery To Import Crude Oil From US
The Dangote Petroleum Refinery is set to import crude oil from the United States in the coming months, as the $20 billion facility intensifies moves to start pumping out refined…
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NNPC will supply six million barrels of crude oil to the Dangote Refinery.
In a major move, the Nigerian National Petroleum Company Limited (NNPC) will start supplying six million barrels of crude oil to Dangote Refinery and Petrochemicals Limited in December of this…
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BREAKING: As crude oil prices jump beyond $90 a barrel, the price of gasoline is expected to increase.
As a result of Saudi Arabia's announcement that it will continue its voluntary production cutbacks of a million barrels per day through the end of 2023, oil prices have risen…
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FG identifies new fields for 681,000bpd oil production
The Federal Government has identified new oil fields capable of delivering about 681,000 barrels of crude oil per day and 1.52 billion standard cubic feet of gas daily. It disclosed this…
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