₦airaland Forum

Dangote Refinery Set To Commence Operations As First Crude Shipment Arrives
Written by 'Sola Babarinsa and Agency Report 2 hours ago Reading Time: 2 mins read

After a series of delays, the Dangote Refinery, a mammoth $19 billion project in Nigeria, is finally poised to commence fuel production as the first crude shipment arrives at the facility, marking a significant milestone for the country’s oil industry.

Quoting industry sources and tanker tracking data, S&P Global, in a report on its website, spglobal.com, said that the OTIS tanker, carrying a 950,000 barrel cargo of Nigeria’s Agbami crude, set sail on December 6 and is currently en route to Lekki, the nearest land port to Dangote’s offshore crude receiving terminal.

The tanker is expected to arrive on December 7 around 8pm, this shipment marks the initiation of crude supplies for the refinery’s operations.

The Suezmax tanker, chartered by the state-owned Nigerian National Petroleum Company (NNPC), symbolises the initial crude supply to Dangote’s state-of-the-art refinery as it gears up to initiate production, revealed a West African oil trader familiar with the matter, the S&P report said



Despite the refinery’s official completion in May, the lack of domestic crude feedstock had impeded oil product manufacturing. The NNPC, owning a 20% stake in the refinery, recently entered an agreement to supply 6 million barrels of crude oil as feedstock to the Dangote refinery in December, aiming to jumpstart operations.


Agbami, operated by Chevron, stands as one of Nigeria’s major deepwater developments, boasting a daily output of approximately 100,000 b/d in the central Niger Delta. Renowned for its light sweet crude qualities with specific gravity measuring 47.9 API and sulphur content of 0.04%, Agbami yields significant proportions of naphtha and kerosene.

fineboynl:
Leadership newspaper

socialmediaman:
Tinubu built the refinery just like he built Lagos, now building Nigeria

SeeWahala:
So nigeria now imports crude oil?

DEXTROVERT:
Wonderful

At
Least
Naira
Will
Rise
A
Little

Dollar
Will
Start
To
Fall

gbaskiboy:
Why are they importing crude oil don't we have any crude oil again.

Ikaeniyan0:
Which other country is producing Agbami crude oil like Nigeria? The crude oil was gotten in the Niger delta.

Ikaeniyan0:
It was not imported. Agbami crude oil is from the Niger delta.

Ikaeniyan0:
It was not imported. Agbami crude oil is from the Niger delta.

Okoroawusa:
Why did you answer him?. You should have left him to elevate his wailing

Biodun556:
https://leadership.ng/dangote-refinery-set-to-commence-operations-as-first-crude-shipment-arrives/



Leadership News
Dangote Refinery Set To Commence Operations As First Crude Shipment Arrives
Written by 'Sola Babarinsa and Agency Report 2 hours ago Reading Time: 2 mins read


After a series of delays, the Dangote Refinery, a mammoth $19 billion project in Nigeria, is finally poised to commence fuel production as the first crude shipment arrives at the facility, marking a significant milestone for the country’s oil industry.

Quoting industry sources and tanker tracking data, S&P Global, in a report on its website, spglobal.com, said that the OTIS tanker, carrying a 950,000 barrel cargo of Nigeria’s Agbami crude, set sail on December 6 and is currently en route to Lekki, the nearest land port to Dangote’s offshore crude receiving terminal.

The tanker is expected to arrive on December 7 around 8pm, this shipment marks the initiation of crude supplies for the refinery’s operations.

The Suezmax tanker, chartered by the state-owned Nigerian National Petroleum Company (NNPC), symbolises the initial crude supply to Dangote’s state-of-the-art refinery as it gears up to initiate production, revealed a West African oil trader familiar with the matter, the S&P report said



Despite the refinery’s official completion in May, the lack of domestic crude feedstock had impeded oil product manufacturing. The NNPC, owning a 20% stake in the refinery, recently entered an agreement to supply 6 million barrels of crude oil as feedstock to the Dangote refinery in December, aiming to jumpstart operations.


Agbami, operated by Chevron, stands as one of Nigeria’s major deepwater developments, boasting a daily output of approximately 100,000 b/d in the central Niger Delta. Renowned for its light sweet crude qualities with specific gravity measuring 47.9 API and sulphur content of 0.04%, Agbami yields significant proportions of naphtha and kerosene.

Jorussia:
I pray and hope the refinery favour Nigeria.I don't like Dangote.I still feel it was an error to give him license to build such a huge refinery. If 5 persons were given license to 650,000 barrel per day refinery,at least 3 would have been up and running by now.GEJ made mistake by approving 650,000 barrel refinery for only Dangote.