₦airaland Forum

The Dangote Petroleum Refinery has purchased two cargoes of crude oil from the United Arab Emirates, marking its first-ever procurement of Middle Eastern crude as it expands its feedstock sources amid persistent domestic supply constraints.

According to a report by S&P Global Commodity Insights, the two cargoes will be the first sourced by the 700,000-barrels-per-day refinery from any Middle Eastern supplier, signalling a shift from its traditional reliance on Nigerian, African, and United States crude grades.

The report said the purchases followed the resumption of oil exports from the Middle East after the United States and Iran reached an interim peace agreement that restored confidence in shipping through the Strait of Hormuz.

The refinery, designed primarily to process Nigeria’s light sweet crude, has increasingly diversified its crude slate as operations ramp up. S&P Global reported that an agreement between the refinery and the Nigerian National Petroleum Company had guaranteed the supply of between 13 and 15 cargoes of Nigerian crude monthly in naira, helping the refinery reduce its foreign exchange exposure.

However, the arrangement has faced challenges due to inadequate crude availability and operational issues at export terminals. According to the report, Dangote Refinery Chief Executive Officer David Bird had previously disclosed that these constraints had compelled the company to seek additional crude sources outside Nigeria.


The report added that the refinery’s expansion plans would further increase its crude requirements. Dangote plans to double the refinery’s processing capacity to 1.4 million barrels per day by the end of 2028, a level that would enable it to process about 80 per cent of Nigeria’s recent crude oil production in a single day.

Speaking earlier this year, Bird said the refinery intended to increase the share of heavier crude grades in its feedstock mix. “We definitely want to heavy up the barrel,” Bird said in April.

He added, “We will be in the crude blending game. So you can easily imagine at 1.4 million b/d we could process 30 per cent Middle Eastern grades on each train.”

According to S&P Global, the refinery has been broadening the range of crude grades it processes as part of its ambition to operate as a fully merchant refinery. The report noted that in 2025, about 70 per cent of the refinery’s crude imports came from Nigeria, while 24 per cent originated from the United States.

Sourc: https://punchng.com/dangote-refinery-imports-first-uae-crude-cargoes

Oga ...reduce fuel price and stop the extortion on Nigerians ....I dont know why there are no protests now ...for those saying government cant do anything cos its a private business ...thats total nonsense...so if dangote decides to sell at 5k per litre...we should just accept it wile FG fold their arms doing nothing cos its a private business.... these guys are scamming Nigerians...and we need to put a stop to this

Okay na. Business as usual

cr7lomo:
Oga ...reduce fuel price and stop the extortion on Nigerians ....I dont know why there are no protests now ...for those saying government cant do anything cos its a private business ...thats total nonsense...so if dangote decides to sell at 5k per litre...we should just accept it wile FG fold their arms doing nothing cos its a private business.... these guys are scamming Nigerians...and we need to put a stop to this

Over ₦230 trillion of our oil money have mean stolen by NNPLC and the government in power, yet you would not call for a protest. For the past decades, NNPC and the oil cabals looted the oil sectors and mismanaged the refineries, yet no protest. The same cabals have done everything possible to frustrate Dangote refinery, including depriving it of crude oil that is produced in Nigeria. All to make sure they continue to control and steal from the crude proceeds.

Why would Dangote buy cargoes of crude oil from the United Arab Emirates, when Nigeria produces and sell crude oil to countries outside Nigeria? That should tell you the corrupt system in the oil sector in Nigeria.

The government is still given new license for fuel importation. Why can't you protest that the fuel importers should import and sell the fuel at I reduced price? Or the government should fix the the refineries, produce and sell fuel at a reduced rate since they control the crude oil?

No be that one concert us. Reduce fuel price to N200 per litre

Make no mistake to allow a Yoruba man into this matter

When is it due to arrive? This company has proven to be a disappointment so far.

That's a business man move...

All this is a scam. Dangote is part is a major part of the corrupt system

omoredia:
All this is a scam. Dangote is part is a major part of the corrupt system

Gerrout.

It's likely you work as a detractor.

WorkTheTalk:
Over ₦230 trillion of our oil money have mean stolen by NNPLC and the government in power, yet you would not call for a protest. For the past 4 decades, NNPC and the oil cabals loot the oil sectors and the refineries, yet no protest. The same cabals have done everything possible to frustrate Dangote, including depriving him of crude oil that is produced in Nigeria.

Why would Dangote buy cargoes of crude oil from the United Arab Emirates, when Nigeria produces and sell crude oil to countries outside Nigeria? That should tell you the corrupt system in the oil sector in Nigeria.

The government is still given new license for fuel importation. Why can't you protest that the fuel importers should import and sell the fuel at I reduced price? Or the government should fix the the refineries, produce and sell fuel at a reduced rate since they control the crude oil?

Infact this is where all those VDM and co are supposed to protest but na lie

We are supposed to protest against embezzlement so that these nonsense can stop

Look at that useless diezani also

Imagine importing crude oil from UAE to Nigeria. Firing squad is a mercy to Nigerian politicians.

Come to think of it, no country governed by blacks in this planet is prosperous. Maybe no hope for the black race

cr7lomo:
Oga ...reduce fuel price and stop the extortion on Nigerians ....I dont know why there are no protests now ...for those saying government cant do anything cos its a private business ...thats total nonsense...so if dangote decides to sell at 5k per litre...we should just accept it wile FG fold their arms doing nothing cos its a private business.... these guys are scamming Nigerians...and we need to put a stop to this

Protest?

Did you build the refinery for him? He is a business man for God sake! Channel your energy to the past and present FG administration.

Dangote owes you nothing! He can sell for 2000 per liter if he cares, you are not obligated to buy from him. Importers already importing fuel, and you can always go for those adulterated fuel.

Your sense of entitlement is astonishing! Like he owes you anything. If you cannot buy his cement also, you have other choices.

He has bigger markets to sell to! You think he cares about Nigerian demand?

cr7lomo:
Oga ...reduce fuel price and stop the extortion on Nigerians ....I dont know why there are no protests now ...for those saying government cant do anything cos its a private business ...thats total nonsense...so if dangote decides to sell at 5k per litre...we should just accept it wile FG fold their arms doing nothing cos its a private business.... these guys are scamming Nigerians...and we need to put a stop to this

That's why we have the private marketers to give him a stiff competition.

The man being a shrewd and selfish businessman tried being a monopolist who will be the onky one fixing prices by making moves for the FG not to give import licenses to private fuel marketers.

Imagine how this guy would have been taking Nigerians for a ride if the FG yielded to this his wicked push.

Until Tinubu tells us why they can't supply enough crude oil to Dangote, nobody should blame him for importing crudeoil.

You see am ba!


Any body wey think 'bout protesting against profit making company like Dangote na witch or wizard wey carry better jealousy. Our energy should be directed at the government especially the MDAs incharge with oil & gas Dangote.

This shouldn't even be a today protest or lamentation sef, it should have happened 20yrs ago.

WorkTheTalk:
Over ₦230 trillion of our oil money have mean stolen by NNPLC and the government in power, yet you would not call for a protest. For the past decades, NNPC and the oil cabals looted the oil sectors and mismanaged the refineries, yet no protest. The same cabals have done everything possible to frustrate Dangote refinery, including depriving it of crude oil that is produced in Nigeria. All to make sure they continue to control and steal from the crude proceeds.

Why would Dangote buy cargoes of crude oil from the United Arab Emirates, when Nigeria produces and sell crude oil to countries outside Nigeria? That should tell you the corrupt system in the oil sector in Nigeria.

The government is still given new license for fuel importation. Why can't you protest that the fuel importers should import and sell the fuel at I reduced price? Or the government should fix the the refineries, produce and sell fuel at a reduced rate since they control the crude oil?

cr7lomo:
Oga ...reduce fuel price and stop the extortion on Nigerians ....I dont know why there are no protests now ...for those saying government cant do anything cos its a private business ...thats total nonsense...so if dangote decides to sell at 5k per litre...we should just accept it wile FG fold their arms doing nothing cos its a private business.... these guys are scamming Nigerians...and we need to put a stop to this

Tell your father to work hard bro.....Dangote is not a father xmas

Buhari was the substantive Minister of Petroleum during his presidency, and Tinubu is currently holding the same position. Yet, I'm still struggling to see any significant positive impact that comes from the President also occupying that office

FineUsername:
You see am ba!


Any body wey think 'bout protesting against profit making company like Dangote na witch or wizard wey carry better jealousy. Our energy should be directed at the government especially the MDAs incharge with oil & gas Dangote.

This shouldn't even be a today protest or lamentation sef, it should have happened 20yrs ago.

Don’t mind them!

They won’t channel their energy to those FG who has mismanaged our refinery’s for decades!

They won’t even channel same energy to the multinationals who have siphoned our crude oil for decades without investing in refining, but will still sell imported product to us.

Dangote is their problem!

They are just products of envy and jealousy. Acting like Dangote owes them a dime.

adenigga:
Sourc: https://punchng.com/dangote-refinery-imports-first-uae-crude-cargoes

Does it pass through the Straight of Hormuz?

HacheNoire:
Protest?

Did you build the refinery for him? He is a business man for God sake! Channel your energy to the past and present FG administration.

Dangote owes you nothing! He can sell for 2000 per liter if he cares, you are not obligated to buy from him. Importers already importing fuel, and you can always go for those adulterated fuel.

Your sense of entitlement is astonishing! Like he owes you anything. If you cannot buy his cement also, you have other choices.

He has bigger markets to sell to! You think he cares about Nigerian demand?

Any small thing, you people will say sense of entitlement. Is like your set just heard of the words and it’s still sharkin u to use. Which other choice does the guy have? Your government and dangote are working hand in hand doing padi padi government to milk the people with your so called marketers. Dangote now determine market price of his product why it competitors follow suit, that’s if he have any. And you want people to seat back n relax why dangote milk them to enrich himself and his own cabal in government. You are lucky Nigeria is a corrupt country with weak people that can’t face their government

Dangote na Baba ooooooo!

ericmor:
Any small thing, you people will say sense of entitlement. Is like your set just heard of the words and it’s still sharkin u to use. Which other choice does the guy have? Your government and dangote are working hand in hand doing padi padi government to milk the people with your so called marketers. Dangote now determine market price of his product why it competitors follow suit, that’s if he have any. And you want people to seat back n relax why dangote milk them to enrich himself and his own cabal in government. You are lucky Nigeria is a corrupt country with weak people that can’t face their government

What relationship does Dangote and the government have? Does the government have same relationship with MTN and DSTV?

If Dangote can set up a company that determines market prices, is that not a plus for his business?

You lots make it look like Dangote owes you something!

He is doing business for God sake! People walk into a club to buy a bottle of beer for 5k when they can easily buy for 1k outside. You not mandated to buy at the club.

If Dangote has no competition, is that his fault? Do you know how many companies bought license to build refinery’s? No, but Dangote is your problem.

All the slave master oil companies that have been siphoning our crude for decades without building a refinery and still import products to sell to us, you don’t have a problem with those. Dangote is your problem.

NNPC and FG not your problem. It is all caused by Dangote

All the billionaires in his league that could have invested into the energy sector and create competition, you have no problem with those. Dangote is your problem. You okay with them stashing money in offshore accounts.

cr7lomo:
Oga ...reduce fuel price and stop the extortion on Nigerians ....I dont know why there are no protests now ...for those saying government cant do anything cos its a private business ...thats total nonsense...so if dangote decides to sell at 5k per litre...we should just accept it wile FG fold their arms doing nothing cos its a private business.... these guys are scamming Nigerians...and we need to put a stop to this

FG can only work on making an alternative possible and can't influence the price of good. Sadly, It is the same Nigerians who made Dangote special by claiming Dangote's product last longer than the imported ones

I blame the government for all these problems. Infact, they are not helping the situation. Dangote way dem for pamper well so that him go serve us well, na him dem leave like dat to fend for himself.

HacheNoire:
What relationship does Dangote and the government have? Does the government have same relationship with MTN and DSTV?

If Dangote can set up a company that determines market prices, is that not a plus for his business?

You lots make it look like Dangote owes you something!

He is doing business for God sake! People walk into a club to buy a bottle of beer for 5k when they can easily buy for 1k outside. You not mandated to buy at the club.

If Dangote has no competition, is that his fault? Do you know how many companies bought license to build refinery’s? No, but Dangote is your problem.

All the slave master oil companies that have been siphoning our crude for decades without building a refinery and still import products to sell to us, you don’t have a problem with those. Dangote is your problem.

NNPC and FG not your problem. It is all caused by Dangote

All the billionaires in his league that could have invested into the energy sector and create competition, you have no problem with those. Dangote is your problem. You okay with them stashing money in offshore accounts.

Now I understand your problem of understanding and face reality and I can’t help you with the solution because it’s virtual but you can’t see it.
Like I already said, you are lucky we are in a corrupt country with weak citizens that can’t face their leaders. If not, we won’t be having this conversation

Nauttyprof:
FG can only work on making an alternative possible and can't influence the price of good. Sadly, It is the same Nigerians who made Dangote special by claiming Dangote's product last longer than the imported ones

Not just that, they were jumping up and down that fuel will now be cheap

ZaRuleOfLaw:
Imagine importing crude oil from UAE to Nigeria. Firing squad is a mercy to Nigerian politicians.

Come to think of it, no country governed by blacks in this planet is prosperous. Maybe no hope for the black race

There is no refinery in the world that does not import stock.

The refinery is not in any advantage to the Nigeria economy or it people.

Dollars have not crashed nothing nothing. Yet price keeps increasing.

So is Nigeria having headache over the operation of that refinery for some years now.?

This dude really spent money oooo. It is an all processing refinery all the way from light sweet to Dubai/Oman medium and sour. I think they can process Venezuelan and Canadian too

Dangote is not the Saint we all think he is ooo
Imagine UAE commiting Genocide in Sudan lol
Dangote reduce fuel for poor pple.
Wetin u want money for Again
No be jealousy but pure Truth
Dangote is working for the west..
Dangote work with Obasanjo
Dangote work with Goodluck
Dangote work with buhari
I could remembered during buhari Era
Him and them otedola d fake Media praised them to be Among buhari renewed hope Agenda..
Which that one too failed woefully
And now oga still with Tinubu
At d end na for here the money go de oo
Ur grave no go stack wit dolapos ooo
Nigeria we still get long way to Go
I swear till Jesus come before everything go better
Let's Just continue wailing till death do most apart
Nothing change only enriching the rich while we just de wail ForEver...

cr7lomo:
Oga ...reduce fuel price and stop the extortion on Nigerians ....I dont know why there are no protests now ...for those saying government cant do anything cos its a private business ...thats total nonsense...so if dangote decides to sell at 5k per litre...we should just accept it wile FG fold their arms doing nothing cos its a private business.... these guys are scamming Nigerians...and we need to put a stop to this

U no read say e dey import crude
U feel say na charity e come do for here

Even nnpc wouldn't have done any better