June 23, 2024
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OIL & GAS

Nigeria’s Dangote Refinery Receives 5th 1m Barrels of Crude Oil

Dangote Petroleum Refinery, Nigeria’s multibillion-dollar oil refinery has received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited (NNPCL).

This is a significant step for the refinery, which is already preparing to welcome the 6th one million crude oil cargo by next week as it hopes to begin operations this month.

The cargo being the fifth consignment to be delivered to the facility out of the six million barrels of crude being expected, arrived at the Single Point Mooring (SPM)-C2 Dangote Offshore Oil Terminal on Thursday, and has already been discharged to the refinery’s crude oil tanks, according to Daily Trust.

The Refinery had earlier received four million barrels of crude.

Mr. Akin Omole, the Managing Director of Dangote Ports Operations, told newsmen that the refinery would receive about four million crude oil shipments before the end of 2023 and the remaining two by early January 2024.

He said the crude supply would put the refinery in good stead to commence operation.

Once the 6 million barrels are fully delivered, it will facilitate the initial run of the refinery as well as kick-start the production of diesel, aviation fuel, and LPG before subsequently progressing to the production of Premium Motor Spirit (PMS).

The commencement of its operation will help alleviate the fuel supply challenges faced by Nigeria as well as the West African countries. It can meet 100% of Nigeria’s requirement of all refined products, gasoline, diesel, kerosene, and aviation jets, and also has a surplus of each of these products for export.

The 650,000 barrels per day Dangote Petroleum Refinery was designed for 100% Nigerian crude with the flexibility to process other crudes, can process most African crude grades as well as Middle Eastern Arab Light and even US Light tight oil as well as crude from other countries.

 

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