In a major breakthrough for the African energy sector, the Dangote Petroleum Refinery has surpassed its nameplate capacity, ramping up its crude oil processing capacity to 700,000 barrels per day (bpd). The milestone, confirmed during a recent performance test conducted by the facility’s Process Licensors, means the refinery has officially surpassed its initial nameplate capacity …
The Dangote Petroleum Refinery has further reduced the gantry price of its premium motor spirit (petrol) from ₦1,275 to ₦1,250 per litre, bringing relief to Nigerian consumers. This latest adjustment, which represents a 25 per litre price cut, takes effect Saturday, May 30, 2026, according to a report by Petroleumprice.ng, quoting a refinery source. The …
Dangote Petroleum Refinery and Petrochemicals is set to go to the capital market with its initial public offering (IPO) in September, driven by overwhelming investor demand. President of the Dangote Group, Aliko Dangote, who gave the confirmation on Wednesday, said investor demands have reached $2 billion for the planned private placement, reflecting massive market confidence …
Dangote Petroleum Refinery has reduced the ex-depot price of its aviation fuel, also known as Jet A1, to ₦1,650, down from ₦1,750 per litre, giving relief to airlines, passengers and Nigeria’s aviation sector generally. Other packages offered by the refinery include a 30-day interest-free credit facility for marketers and airline operators, backed by bank guarantees, and a shift …
Dangote Petroleum Refinery has filed a fresh lawsuit against the Nigerian government, seeking to nullify recent fuel import licences issued to the Nigerian National Petroleum Company (NNPC) and other marketers. The case filed against the Attorney General of the Federation at the Federal High Court in Lagos has reignited fresh tension in the downstream petroleum …
Dangote Petroleum Refinery and Petrochemicals Limited has debunked rumours of a hike in the price of Premium Motor Spirit (PMS), also known as petrol, saying its ex-depot price remains the same. The company made the clarification in a statement released on Wednesday, May 6, signed by the management. Rumours on social media claimed the price …
Aviation analyst Olumide Ohunayo has said the plans by Dangote Refinery to begin direct supply of aviation fuel, also known as Jet A1, to airlines in Nigeria will not work. He said this is because there are registered marketers with facilities around airports who are supposed to supply aviation fuel to the airlines. Ohunayo, who …
Domestic refineries in Nigeria recorded a crude oil supply shortfall of 33.4 million barrels in the first quarter (Q1) of 2026. According to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday, May 5, a total of 61.9 million barrels of crude oil was allocated to domestic refineries during the quarter under …
Africa’s richest man, Aliko Dangote, has revealed plans to construct a new 650,000-barrel-per-day (bpd) oil refinery in East Africa, a project that could reshape the region’s energy landscape and challenge the dominance of European and Middle Eastern fuel imports. Dangote made this known on Thursday while speaking during a presidential panel at the “Africa We …
Dangote Group has achieved its first oil from its upstream assets in the Niger Delta, marking its entry into crude production. The company is currently producing 4,500 barrels per day (bpd) from the Kalaekule field on Oil Mining Lease (OML) 72. Vice President of Dangote Group's Oil and Gas Division, Devakumar Edwin, disclosed …
