Connect with us

Economy

First Shipment Of Crude Arrives Dangote Refinery With 950,000 Barrel

Published

on

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.


For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest from DDM TV

Latest Updates

INNOSON VEHICLE MANUFACTURING

16th Mbaise USA Convention;  Ihedioha, others to honour event

Amos Adamu named Sam Okwaraji under 16 football Championship

The Good Templars Humanitarian Organization hosts S’East Regional Summit 

How Police arrested three men with human skull in Imo

Kwara United clinch first-ever President Federation Cup title after penalty win over gutsy Abakaliki FC

Uganda’s President Seeks to Extend Four-Decade Rule

Yahaya Bello: Hypocritical Hypertension of His Excellency

Northern Elders Condemns Massacre of Soldiers in Niger, Declares North Under Siege

Peter Obi Slams President Tinubu Over Brazil and Caribbean Trip, Calls It Insensitive

Just in: Dalori Arrives in Abuja to Assume Office as APC Acting National Chairman

Subscribe to DDM Newsletter for Latest News