Connect with us

News

Dangote Refinery Receives Its Maiden Crude Cargo

Published

on

Dangote Refinery plans to establish a terminal in the Caribbean for petroleum product exports.

Dangote Refinery Receives Its Maiden Crude Cargo

In a major step towards boosting Nigeria’s domestic refining capacity and attaining energy security (self-sufficiency), Dangote Petroleum Refinery and Petrochemicals plant has purchased 1 million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO), one of the largest trading companies in Nigeria as well as globally, trading over 8 million barrels of crude oil per day.

The STASCO cargo contained 1 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.

The maiden 1 million barrels, which represent the first phase of the 6 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 the Nigeria’s requirement of all refined products, gasoline, diesel, kerosene, and aviation jet, and also have 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 has the capacity to 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.”

CAN Opposes Protests Over Hardship, Urges Alternatives and Patience with Government
Breaking News7 hours ago

CAN Opposes Protests Over Hardship, Urges Alternatives and Patience with Government

Breaking News: Emmanuel Iwuayanwu, President of Ohanaeze Ndigbo, Has Died
Breaking News1 day ago

Breaking News: Emmanuel Iwuayanwu, President of Ohanaeze Ndigbo, Has Died

Tinubu, APC Governors, and Edo Deputy Governor Shaibu Hold Private Meeting
Breaking News1 day ago

Tinubu, APC Governors, and Edo Deputy Governor Shaibu Hold Private Meeting

The Federal Mortgage Bank of Nigeria has disbursed N440 billion and provided 39,000 homes since 1993, according to Shehu Osidi.
Business2 days ago

The Federal Mortgage Bank of Nigeria has disbursed N440 billion and provided 39,000 homes since 1993, according to Shehu Osidi.

Tinubu Enacts Legislation Establishing Two Development Commissions
Breaking News2 days ago

Tinubu Enacts Legislation Establishing Two Development Commissions

Business3 days ago

Fidelity Pension Managers 2023 audited company and fund accounts

Zenith Bank Retains Nigeria’s Number One Bank By Tier-1 Capital For 15th Consecutive Year
Business4 days ago

Zenith Bank Retains Nigeria’s Number One Bank By Tier-1 Capital For 15th Consecutive Year

Press Release5 days ago

Fidelity Bank’s Consistent Strong Growth Excites Investors

Akmodel Group MD Wins Outstanding Humanitarian Award At Maiden Eko Mi Award Night
Press Release6 days ago

Akmodel Group MD Wins Outstanding Humanitarian Award At Maiden Eko Mi Award Night

Rep Umoh: Inflation and Unemployment Hinder Nigeria's Economic Potential
Breaking News1 week ago

Rep Umoh: Inflation and Unemployment Hinder Nigeria’s Economic Potential

Eko Mi Awards Hosts Bldr. (Dr.) Abdulhakeem Odegade, Akmodel Group MD, Hon. James Abiodun Faleke, Favour Benson, Cardinal James Odumbaku, etc To Attend Maiden Edition
Press Release1 week ago

Eko Mi Awards Hosts Bldr. (Dr.) Abdulhakeem Odegade, Akmodel Group MD, Hon. James Abiodun Faleke, Favour Benson, Cardinal James Odumbaku, etc To Attend Maiden Edition

Top 5 Most Popular Apps Worldwide
Breaking News1 week ago

Top 5 Most Popular Apps Worldwide

Band A Struggles: Universities Face High Tariffs While Students Suffer from Blackouts
Breaking News2 weeks ago

Band A Struggles: Universities Face High Tariffs While Students Suffer from Blackouts

Business2 weeks ago

Zenith Bank Capital Markets Day

GTCO Offers 9 Billion Shares At ₦44.50 Each, Envisions One Billion Dollar Profit
Business2 weeks ago

GTCO Offers 9 Billion Shares At ₦44.50 Each, Envisions One Billion Dollar Profit

Copyright © FastNews Nigeria