Dangote Refinery Receives 5th Crude Oil Cargo

Dangote Petroleum Refinery has received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited (NNPC).

The company is already preparing to welcome the sixth one million crude oil cargo to the refinery, by next week. This latest development is a significant step for the refinery as it is preparing to begin operations.

The crude oil cargo being the fifth consignment to be delivered to the Dangote Petroleum Refinery facility out of the six million barrels of crude being expected, arrived at the Single Point Mooring (SPM)-C2 Dangote Offshore Oil Terminal, and has already been discharged to the refinery’s crude oil tanks.

It would be recalled that Dangote Refinery had earlier, received four million barrels of crude.

Managing director of Dangote Ports Operations, Mr. Akin Omole, recently said that the Refinery will receive about four million crude oil shipments before the end of 2023 and the remaining two by the early of January 2024.

RELATED

SEC Sets November Deadline For T+2 Settlement Cycle Compliance By Operators

14 hours ago

Zenith Bank Named Nigeria’s Best Bank At 2025 Global Finance Awards

14 hours ago

He said the crude supply would put the Refinery in good stead to commence operation.

“Once the six million barrels are fully delivered, it 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 per cent 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 per cent of Nigeria’s requirement of all refined products, gasoline, diesel, kerosene, and aviation jet, and also has a surplus of each of these products for export,” the company said.

While receiving the first consignment, president of Dangote Group, Mr. Aliko Dangote stated that, “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.”