The Independent Petroleum Marketers Association of Nigeria (IPMAN) says negotiations are still ongoing with the Dangote Refinery regarding the commencement of oil lifting operations. The chairman of IPMAN, Abubakar Maigandi, stated in an interview with BBC Hausa that it is widely known that the NNPCL is currently the sole offtaker of oil products from Dangote, with IPMAN members serving in a retail capacity. He emphasized that the union is actively engaging with the leadership of...

The Dangote Petroleum Refinery has commenced the loading of premium motor spirit (PMS), also known as petrol, at its gantry, signalling the beginning of a new era in Nigeria’s downstream petroleum sector. The Nigerian National Petroleum Company Limited, NNPCL, started loading petrol on Sunday after deploying over 100 trucks to the petrol-loading gantry of Dangote refinery on Saturday afternoon, in preparation for the scheduled petrol loading on Sunday. This marks a significant step following the...

…Dangote Group says NNPCL has not started lifting petrol from its refinery The Nigerian National Petroleum Company Limited, NNPCL, has delivered 30 million barrels of crude oil to the Dangote refinery, according to Adedapo Segun, the Executive Vice President of NNPCL Downstream. Segun revealed this on Arise Television on Thursday, stating that an additional 17.6 million barrels will be supplied soon. The upcoming delivery of 17.6 million barrels will be split into 6.3 million barrels...

The Federal Government has announced plans to start selling crude oil to the Dangote Refinery in naira from 1 October 2024. This decision was made at a meeting with the Technical Implementation Committee led by Minister of Finance, Wale Edun, on Monday. According to a statement by the Ministry of Finance, “The upcoming commencement of Naira payments for crude oil sales to the Dangote Refinery starting October 1, 2024” was discussed at the meeting. The...