Trump reveals way to reduce oil prices
U.S. President Donald Trump has suggested releasing oil from the country’s emergency reserves to help reduce rising fuel prices. Speaking in an interview with Local 12, Trump said the United States could use part of its stored oil supply to stabilise the market and later refill the reserves once prices drop. According to Trump, the […]
Dangote Refinery commits to energy stability amid global refineries shutdown
Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to ensuring stable energy supply in Nigeria despite global refinery shutdowns and crude supply disruptions. The ongoing Middle East conflict and China’s ban on gasoline and diesel exports have caused shortages and rising crude prices worldwide. The company noted that Nigeria is insulated from these shocks […]
PENGASSAN Stops Gas, Crude Supply To Dangote Refinery
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has halted the supply of crude oil and gas to the Dangote Refinery. The union said the action was taken over unresolved issues between its members and the management, stressing that workers’ welfare and industry standards must not be ignored. According to reports, the […]
New Refineries: NNPCL May Cut Crude Supply To Dangote Plant
The Nigerian government is considering reducing its crude oil supply to Dangote Petroleum Refinery. The refinery currently receives 300,000 barrels per day, but this may be lowered unless Nigeria’s oil output increases. This decision is part of the government’s efforts to adjust its naira-for-crude initiative, especially after the recent reopening of the Warri and Port […]
NNPCL Requests Permanent Office Space at Dangote Refinery: What It Means for Nigeria’s Oil Industry
In a bid to strengthen its partnership with the Dangote Refinery, the Nigerian National Petroleum Company Limited (NNPCL) has requested permanent office space at the refinery. This move is seen as part of a broader effort to manage the complex processes of crude oil supply and refining, ensuring a seamless relationship between both entities. Devakumar […]
NNPCL Delivers 30 Million Barrels of Crude Oil to Dangote Refinery, Plans to Supply More
The Nigerian National Petroleum Company Limited (NNPCL) has provided 30 million barrels of crude oil to the Dangote refinery so far. Adedapo Segun, NNPCL’s Executive Vice President of Downstream, shared this news during an interview on Arise Television. He mentioned that the company plans to supply an additional 17 million barrels to the refinery in […]
Why the Dangote Refinery Can’t Get Enough Crude Oil from IOCs in Nigeria – LCCI
The Lagos State Chamber of Commerce and Industry (LCCI) has attributed the limited crude oil supply to Dangote Refinery and other local refineries to issues like oil theft and pipeline vandalism. Dr. Chinyere Almona, Director General of LCCI, mentioned these problems in a statement addressing the crude oil supply challenges faced by local refineries in […]