₦airaland Forum

The Dangote Refinery is set to export a shipment of low-sulfur straight-run fuel oil (LSSR) from Nigeria to Singapore this week. The information is based on ship tracking data and market sources, indicating that this is the first time Africa’s largest refinery is entering the Asian market.

The shipment initiates a new trade route from the new refinery to Aisa, which reportedly lacks the low-sulfur fuel oil required for powering ships at Singapore, the world’s largest bunker hub

The $20 billion refinery can process about 650,000 barrels of petroleum products daily and is poised to be Africa’s largest and the world’s biggest single-train refinery when it reaches total capacity. The refinery has been touted as the solution to Nigeria and Africa’s petroleum product imports, especially petrol.

Dangote makes bold promise to Nigerians:

Chairman of Dangote Industries Aliko Dangote promised that Nigeria would not need to import petrol when PMS production begins in mid-July.

Reports say the Dangote refinery has shored up its LSSR exports, sending shipments to the Americas and Europe, according to data from Kpler and Vortexa.

The first Asian-bound shipment will arrive on Wednesday, July 26, 2024, aboard the Glencore-chartered vessel Front Brage and will deliver about 124,000 metric tons of LSSR to Singapore.

Market sources say the cargo was redirected to Asia due to weaker European demand. LSSR products from the Dangote refinery are priced against Rotterdam’s 0.5% LSFO quotes on a free-on-board basis. There is currently no pricing differential for the shipment. Another LSSR shipment from the refinery, about 157,000 tons, is expected to reach Singapore in July aboard the Stena Suede vessel. LSSR is always mixed with other fuels to create low-sulfur oil (LSFO) for bunkering or used as feedstock in various refinery processes.

The refinery began exporting petroleum products in February 2024 and bought crude oil from the Nigerian National Petroleum Company Limited (NNPC) in December last year.

SadiqBabaSani:
Wayo business man

Exousiang01:
The gentle man is exporting and bringing in FX now but those ugly hearted creatures called Obidients would find another thing to say.

Evil hearted people who never see good in anything and even they cannot find anything bad to say they imagine the worst, make it into news spread it and jubilate.

I see Obidients as people with sand in their brains

nathyx:
https://www.legit.ng/business-economy/energy/1598027-dangote-refinery-scores-milestone-ships-fuel-singapore-assures-petrol-supply-july/

nathyx:
https://www.legit.ng/business-economy/energy/1598027-dangote-refinery-scores-milestone-ships-fuel-singapore-assures-petrol-supply-july/

Faiththatworks:
God bless Alhaji Aliko Dangote.
It's more than six months since the gbajue NNPCL Maga told us the Refineries will start working. Nigerians are still waiting for one litre of oil to be trucked out.
I marvel at people who are still doubting if the Dangote Refinery is actually working,I can verify because I pass through that route every week.
The number of Trucks rolling out from the Refinery every day is enough Testimony.
Many big things are happening around the Dangote Refinery and Ibeju-lekki.
I was there again yesterday and they have started work on the second phase of the Lagos-calabar Coastal road. The caterpillars are moving enmasse and clearing the path for the road.
Properties bought some months ago have doubled in value,and it's just the beginning.
Do you know from Iyana-ipaja, Oshodi, Egbeda will take a minimum of 2 hours to Ajah,and another one hour to the Refinery, meaning many people on the mainland don't understand what's happening around the Refinery.
I use this medium to ask any interested person to quickly secure a land around that axis,this is the best time to have a land around The Refinery and the Coastal road.
Check my signature for more details.

omoredia:
Alhaji thief theif

9jatriot:
Exactly, they will first imagine it, then believe it, then react to their imagination as if it were true after which they start spreading it like a done deal.

Even their lamba oga, the party joggler and twitter presido is not any different

Eriokanmi:
How?