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Dangote Refinery Achieves Milestone with First Seaborne Petrol Cargo Shipment

Nnaemeka OkwarabyNnaemeka Okwara
October 26, 2024
in Business & Finance
0
Dangote Refinery Achieves Milestone with First Seaborne Petrol Cargo Shipment
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Dangote Industries’ oil refinery and fertiliser plant has successfully sent its first shipment of petrol by sea, which is a big step for the facility. The shipment, which was about 500,000 barrels, was taken from the refinery to Lagos on a ship called Sabaek, according to official records and tracking data.

Simultaneously, the refinery’s special unit for making high-value fuels like gasoline is increasing its production, according to people who know about it.

Once fully operational, the refinery, which can process 650,000 barrels of oil per day, will change the regional gasoline market and might reduce the need for fuel imports from Europe. The facility has already started to affect crude oil supplies, lowering Nigeria’s surplus.

This development comes after the refinery started using trucks to transport petrol last month. The refinery has already received four shipments of crude oil from the Nigerian National Petroleum Company (NNPC) Limited as part of the naira-for-crude deal, and more deliveries are expected.

Authorities have confirmed that the $20 billion Lekki-based plant will begin selling refined Premium Motor Spirit (petrol) directly to local dealers.

Insiders from the Technical Subcommittee on Domestic Sale of Crude Oil in Local Currency say that more crude oil shipments will be sent to the Dangote refinery in the next few weeks.

Tags: CargoDangote RefineryDangote Refinery Achieves Milestone with First Seaborne Petrol Cargo Shipmentfederal characterNewspetrolSeaborneShipment
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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