Nigeria's state oil firm NNPC Ltd will supply the new 650,000 barrel-per-day Dangote oil refinery with up to six cargoes of crude oil in December to be used in test runs, three industry sources with knowledge of the matter said.

The refinery, funded by Africa's richest man Aliko Dangote, will transform oil trading in the Atlantic Basin and remove a lucrative outlet for fuels produced in Europe and the United States that have for years powered the cars, trucks and generators on the continent.

The refinery is in the Lekki free trade zone near Lagos. Once it is fully up and running, it will turn oil powerhouse Nigeria into a net exporter of fuels, a long-sought goal for the OPEC member that is currently almost totally reliant on imports.

One of the sources, an NNPC official, who declined to be named, specified six cargoes, or 200,000 bpd, would be supplied in December as part of a one-year deal, adding that volumes in future months would be supplied "based on mutual agreement and availability".

The other sources said about 4-5 cargoes, or at least 130,000 bpd, were planned. A Dangote Group official, who did not wish to be named, said "some of the agreements have confidentiality clauses" without elaborating when asked about the NNPC supply deal.

NNPC has a 20% stake in the refinery.

The refinery began the commissioning process in May this year after running years behind schedule at a cost of $19 billion, above initial estimates of $12-14 billion.

Commissioning includes testing the different units that make products from gasoline to diesel and making sure they respond to the control panels.

Reporting by Julia Payne in Brussels and Libby George in London, additional reporting by MacDonald Dzirutwe in Lagos; Editing by Kirsten Donovan and Susan Fenton

Nigeria's state oil firm NNPC Ltd will supply the new 650,000 barrel-per-day Dangote oil refinery with up to six cargoes of crude oil in December to be used in test runs, three industry sources with knowledge of the matter said

FreeStuffsNG:
The never-say-never indomitable spirit of a Patriotic Nigerian prevailed once again! We did it and we did it BIG!

Thank you Asiwaju Tinubu for not letting this dream die from the initial stage that the vision carrier, Alhaji Aliko Dangote, ran to you in desperation when our late President Yardua of the PDP , revoked his successful bid for our national refineries. You assured him that Lagos will support him to realise his dream. That dream is realized today. You are truly a visionary Leader of our time. God bless you Asiwaju Tinubu.

Thank you Alhaji Aliko Dangote and your team members for this great feat.

Thank you President Buhari for approving NNPC's request to support the project with the 20% stake.

Thank you Mr Mele Kyari of NNPC and Mr Emefiele of the CBN for the relentless hardwork you both put into this project to save it from failing.

Thank you to all our indigenous banks and international banks, crude oil production companies, CBN, NNPC, patriotic public and civil servants, the great and patriotic Nigerians and lovers of Nigeria who all contributed to make this project a laudable success.

Great gbosagbosa Thank you to the Centre of Excellence, my Lagos state and in particular, Eti-osa for being a worthy host. E seun lopolopo eyin lobaloba, Ijoye ati gbogbo ara ilu Eko.

Thank you HE Babatunde Raji Fashola for your leadership in helping Dangote Refinery call Etiosa home today.

It's a feat even generations unborn will benefit from as they will not inherit the evil petrol subsidy system that nearly killed Nigeria.

To the shame of the naysayers and unpatriotic elements, Dangote Refinery made it and you lost again. All the enemies of Nigeria will lose las las,they always lose.
Congratulations to Nigeria. God bless Nigeria for ever!

samuelson06:
December is just next month. Let's see how this would crash the price of fuel in Nigeria. At least that's what we all pray for and all the long story.

The refinery, funded by Africa's richest man Aliko Dangote, will transform oil trading in the Atlantic Basin and remove a lucrative outlet for fuels produced in Europe and the United States that have for years powered the cars, trucks and generators on the continent.

Karlovich:
Awo had just one job as finance minister but he crumbled the economy and used propaganda throughout his tenure, now his fellow kinsmen have learnt from him. This is a big shame, spits

samuelson06:


Manna Vulture grills did this zombie work better than you. Today, he's tired. Even you will be tired. I used to see you like a sane chap, but BAT came and urinated on your brain. You've now retired to sycophancy—digging the web everyday to look for news that suit your zombie work. Weldone.

Throwback:


This is why our refineries never worked, electricity supply was never constant, and Ajaokuta Steel Complex never produced for a day.

We have been mapped by some gl9bal cartels as a market for their own products, so they have ensured with the connivance of local actors, that we remain hooked to foreign supply of our fuels and steel.

Just Imagine that all the Steel used in Oil Wells and Pipelines both on Surface and Subsea, and all the steel used in the construction industry, are all foreign imports when we could have produced them locally.

Yes we are a large market for those products, but a market that is catered for by a refinery or steel mill somewhere in Europe or US.

Who will break this economic colonization?

Karlovich:
Awo had just one job as finance minister but he crumbled the economy and used propaganda throughout his tenure, now his fellow kinsmen have learnt from him. This is a big shame, spits

Beremx:
December again? Una go explain tire without evidence.

Nonsense

Nbote:
Hahahahahahaha... WILL... These people want to keep fooling Nigerians. I thought they recently said they couldn't find buyers for our crude? Why aren't they supplying Dangote the excess crude

FreeStuffsNG:
The never-say-never indomitable spirit of a Patriotic Nigerian prevailed once again! We did it and we did it BIG!

Thank you Asiwaju Tinubu for not letting this dream die from the initial stage that the vision carrier, Alhaji Aliko Dangote, ran to you in desperation when our late President Yardua of the PDP , revoked his successful bid for our national refineries. You assured him that Lagos will support him to realise his dream. That dream is realized today. You are truly a visionary Leader of our time. God bless you Asiwaju Tinubu.

Thank you Alhaji Aliko Dangote and your team members for this great feat.

Thank you President Buhari for approving NNPC's request to support the project with the 20% stake.

Thank you Mr Mele Kyari of NNPC and Mr Emefiele of the CBN for the relentless hardwork you both put into this project to save it from failing.

Thank you to all our indigenous banks and international banks, crude oil production companies, CBN, NNPC, patriotic public and civil servants, the great and patriotic Nigerians and lovers of Nigeria who all contributed to make this project a laudable success.

Great gbosagbosa Thank you to the Centre of Excellence, my Lagos state and in particular, Eti-osa for being a worthy host. E seun lopolopo eyin lobaloba, Ijoye ati gbogbo ara ilu Eko.

Thank you HE Babatunde Raji Fashola for your leadership in helping Dangote Refinery call Etiosa home today.

It's a feat even generations unborn will benefit from as they will not inherit the evil petrol subsidy system that nearly killed Nigeria.

To the shame of the naysayers and unpatriotic elements, Dangote Refinery made it and you lost again. All the enemies of Nigeria will lose las las,they always lose.
Congratulations to Nigeria. God bless Nigeria for ever!

Beremx:
December again? Una go explain tire without evidence.

Nonsense

FreeStuffsNG:
The never-say-never indomitable spirit of a Patriotic Nigerian prevailed once again! We did it and we did it BIG!

Thank you Asiwaju Tinubu for not letting this dream die from the initial stage that the vision carrier, Alhaji Aliko Dangote, ran to you in desperation when our late President Yardua of the PDP , revoked his successful bid for our national refineries. You assured him that Lagos will support him to realise his dream. That dream is realized today. You are truly a visionary Leader of our time. God bless you Asiwaju Tinubu.

Thank you Alhaji Aliko Dangote and your team members for this great feat.

Thank you President Buhari for approving NNPC's request to support the project with the 20% stake.

Thank you Mr Mele Kyari of NNPC and Mr Emefiele of the CBN for the relentless hardwork you both put into this project to save it from failing.

Thank you to all our indigenous banks and international banks, crude oil production companies, CBN, NNPC, patriotic public and civil servants, the great and patriotic Nigerians and lovers of Nigeria who all contributed to make this project a laudable success.

Great gbosagbosa Thank you to the Centre of Excellence, my Lagos state and in particular, Eti-osa for being a worthy host. E seun lopolopo eyin lobaloba, Ijoye ati gbogbo ara ilu Eko.

Thank you HE Babatunde Raji Fashola for your leadership in helping Dangote Refinery call Etiosa home today.

It's a feat even generations unborn will benefit from as they will not inherit the evil petrol subsidy system that nearly killed Nigeria.

To the shame of the naysayers and unpatriotic elements, Dangote Refinery made it and you lost again. All the enemies of Nigeria will lose las las,they always lose.
Congratulations to Nigeria. God bless Nigeria for ever!

DatNiggaDaz:
I hope this true.

..who are these 3 industry sources..no name, no Position, nothing. Just 3 goddamn sources. Are they Tinubu's shadows

..it just shows Lack of confidence . Dem don use lies & propaganda deceive Reuters finish