Dangote’s 650,000 barrels per day of oil refinery being built in Nigeria is due to begin production by the fourth quarter of 2022. The Group Executive of the company, Mr. Devakumar Edwin stated this during the weekend. “75 per cent…
Six men were on Wednesday brought before a Yaba Chief Magistrates’ Court, Lagos State, for allegedly stealing 50 armoured cables from Dangote Refinery. The defendants are Abiola John, 25; Daniel Haruna, 28; Barisua Kpurugbara, 42; Philip Msughter, 23; Ashi Ernest,…
The International Monetary Fund (IMF) has noted that the non-oil sector of the Nigerian economy could be stronger, benefitting from its recent growth momentum, higher production from the new Dangote Refinery, and supportive credit policies. In IMF’s Executive Board 2021…
African Petroleum Producers Organisation (APPO) has said that the establishment of Dangote Oil Refinery will bring about a 36 per cent reduction in the importation of petroleum productions into the continent. Besides, the organisation expressed a belief that the success…
Bankole Taiwo, Abeokuta The Ogun State Governor, Prince Dapo Abiodun says his administration is working towards ensuring that the state takes advantage of its oil rich deposit and becomes an oil producing state. The governor equally expressed disappointment over how…
As part of its Corporate Social Responsibility programmes, Dangote Oil Refining Company has awarded scholarships to 137 tertiary institutions and secondary school students from its host communities in Ibeju Lekki, Lagos State. The company said the scholarship had become an…
…Engineers hail the huge scale of project The National President of Nigeria Society of Chemical Engineers (NSCh) has revealed that Dangote Oil Refining Company will be the highest employer of chemical engineers in the country when the refinery comes on…
Dangote’s 650,000 barrels-per-day (bpd) oil refinery project, has been identified as one of the oil distillation companies that would boost global refining capacity by 6.9 million barrels per day between 2021 and 2026. The Organisation of the Petroleum Exporting Countries…
The Nigeria National Petroleum Corporation (NNPC), which is looking to pay for a 20% stake in the refinery representing $2.7 billion, will be paying one-third of the money in cash, one-third in the supply of crude and one-third from the profit the…
Dangote oil refinery complex being built in Nigeria by a company owned by Aliko Dangote, Africa’s richest person, will cost more than double the amount originally projected. “Our capex will almost go to $19 billion by the time we finish,” Devakumar Edwin,…
