Dangote Petroleum Refinery and the Republic of the Congo's national oil company, Société Nationale des Pétroles du Congo (SNPC), have begun discussions on a strategic partnership to strengthen the supply of refined petroleum products and deepen energy cooperation across Africa. The talks took place during a visit by an SNPC delegation to the Dangote Petroleum …
The Dangote Refinery has expanded its crude sourcing to include cargoes from the United Arab Emirates (UAE), marking a notable shift in its supply chain strategy. According to a report by S&P Global Commodity Insights, the $20 billion refinery recently imported two cargoes of crude oil from the UAE, marking its first-ever procurement of Middle …
Dangote Refinery has further cut its ex-depot price of Premium Motor Spirit (petrol) from ₦1,175 to ₦1,125 per litre, reflecting a ₦50 reduction. This was confirmed in a notice sent by the refinery to its customers, where it indicated that the gantry loading price has been reduced from ₦1,175 per litre to ₦1,125 per …
The company says claims that its products are shipped to Togo and brought back into Nigeria lack commercial logic and contradict its business objectives. Dangote Petroleum Refinery has debunked allegations that its refined petroleum products are exported to Lomé, Togo, and subsequently re-imported into Nigeria, dismissing the claims as unsubstantiated and commercially illogical. In …
The Securities and Exchange Commission (SEC) has ordered an immediate halt to all marketing and promotional activities relating to a purported initial public offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE, warning that no such offer has been filed with or approved by the regulator. In a public notice issued on Tuesday, the Commission …
The recent drop in global crude oil prices has triggered a fresh wave of competition in Nigeria’s downstream petroleum market, as Dangote Petroleum Refinery and other major marketers have announced lower prices for Premium Motor Spirit (PMS), commonly known as petrol. The sudden drop in global crude prices below $80 per barrel, primarily driven by …
Dangote Petroleum Refinery has further reduced its ex-depot price for Premium Motor Spirit (PMS), also known as petrol, from ₦1,250 to ₦1,175 per litre. The latest reduction, which reflects a ₦75 per litre cut, takes effect from June 16, 2026. This comes on the heels of the recent decline in crude oil prices …
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 confirmed this on Wednesday, May 20, said investor demand has reached $2 billion for the planned private placement, reflecting massive market …
