Dangote Petroleum Refinery has ended naira-denominated sales of its refined petroleum products, shifting to a new dollar-based pricing system for petrol, diesel, and aviation fuel. The move marks a significant change from the naira-for-crude arrangement that began in October 2024, shortly after the refinery commenced commercial operations. In a notice sent to marketers, the refinery …
The Chief Executive Officer and Managing Director of the Dangote Petroleum Refinery, David Bird, has again raised concerns about the shortage of domestic supply of crude oil to the refinery. Bird said the 650,000-barrels-per-day refinery is only getting about 30 per cent of the expected crude supply for its feedstock under the Naira-for-crude deal. Bird, …
The Nigerian National Petroleum Company (NNPC) Limited has signed a two-year agreement with the Dangote Petroleum Refinery for the supply of crude oil to the refinery. The deal, which was sealed in August, is to ensure steady feedstock to the 650,000-barrel-per-day refinery based in Lagos. This comes amid efforts to maintain crude supply in naira …
