• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
Dangote Refinery To Source Crude From Angola, Senegal, Others

Dangote Refinery To Source Crude From Angola, Senegal, Others

11 months ago
England Succumb To First African Defeat In Senegal Friendly

England Succumb To First African Defeat In Senegal Friendly

4 hours ago
UN Secretary-General Pushes for Permanent African Seat on Security Council

UN Peacekeepers Escape Attack In Southern Lebanon

12 hours ago
Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

13 hours ago
Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

14 hours ago
US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

16 hours ago
Wednesday, June 11, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Dangote Refinery To Source Crude From Angola, Senegal, Others

July 14, 2024
in Economy, Top Stories
0
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By Enyichukwu Enemanna

The first private refinery in Nigeria is set to source for crude oil from other African countries, especially oil-rich Angola, Senegal and Libya, citing lack of availability in the local market.

Relatedreading

England Succumb To First African Defeat In Senegal Friendly

UN Peacekeepers Escape Attack In Southern Lebanon

“We will start importing crude oil from African countries. When we get to those countries, we’ll start negotiating with them. We’ll start bringing in from there.

“We have just bought from US and Brazil. So I think by next month, we’ll expand the scope to most of African countries.

“If we have availability in Nigeria, we won’t have to turn to these other countries,” Aliko Dangote, the Founder and CEO of Dangote Refinery said during a tour of his Lagos-based refinery on Saturday.

The refinery is expecting feedstock acquired from the US and Brazil in the coming months, the business mogul noted.

Heritage Times HT reports that Nigeria, the largest producer of crude in Africa largely depends on imported finished product to feed to local market.

Ironically, after completion of the long-awaited project expected to have ended import of finished products, Dangote Refinery will now depend on foreign market for crude already produced in Nigeria.

According to latest data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), an agency of the Federal Government, Nigeria’s oil output rose by 91,476 barrels per day to hit 1,426,574 barrels daily in January 2024, when compared to the production figure of 1,335,098bpd in December 2023.

Dangote has accused International Oil Companies (IOCs) of refusal to meet their demands, alleging that these IOCs prefer to sell the crude abroad.

In response, the NUPRC, has insisted that the IOCs meet local demands first, before exporting to other African countries.

At the moment, apart from the Dangote Refinery expected to churn out its first products this week, no single refinery is functional in the West African country since the return of democracy in the last 25 years.

When asked about the timeline for sourcing crude from these African countries, Dangote stated that it could begin as soon as next month.

“Very soon. I think by next month. You know crude, you have to book two months in advance. So, I’ll say October we’ll be bringing in from these African countries,” Dangote responded.

According to recent reports, Dangote refinery secured 6 million barrel crude oil from US, which is expected to reach the $19 billion facility by August.

In addition, the mega refinery will also receive about 5 million barrel of crude oil from US by September, data from Bloomberg show.

The CEO said the refinery will commence production of petrol between 10 and 15 of July, while supply to local marketers will commence from the third week of the same month.

“We had a bit of delay, but PMS will start coming out by 10 to 15 of July. But then we want to keep it in tank to make sure that it settles. So by third week of July, we’ll be able coming out to take it into the market,” Dangote said.

Tags: Aliko DangoteDangote Refinery and PetrochemicalsInternational Oil Companies (IOCs)
ShareTweetSend
Previous Post

Kenya: President Ruto Seeks Church’s Prayers In Cabinet Restructuring

Next Post

UAE: Crown Prince Appointed Defence Minister

Related Posts

England Succumb To First African Defeat In Senegal Friendly

England Succumb To First African Defeat In Senegal Friendly

June 11, 2025
UN Secretary-General Pushes for Permanent African Seat on Security Council

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

Kenya: Autopsy Result Shows Blogger Was Hit, Tortured To Death

Next Post
UAE: Crown Prince Appointed Defence Minister

UAE: Crown Prince Appointed Defence Minister

Leave a Reply Cancel reply

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

AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
England Succumb To First African Defeat In Senegal Friendly

England Succumb To First African Defeat In Senegal Friendly

June 11, 2025
UN Secretary-General Pushes for Permanent African Seat on Security Council

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025
Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

June 10, 2025
Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

June 10, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

England Succumb To First African Defeat In Senegal Friendly

June 11, 2025

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

June 10, 2025

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

June 10, 2025

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

June 10, 2025

Kenya: Autopsy Result Shows Blogger Was Hit, Tortured To Death

June 10, 2025

Organisers Postpone U20 WAFU Tournament

June 10, 2025

Nigeria’s Rivers Hoopers Crash Out Of Africa Basketball League

June 10, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Nigeria @ 64: Meet Young Luminaries Leading Social Transformation

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In