NNPC to supply Dangote’s refinery by December for test runs
NNPC Ltd, Nigeria’s state oil company, is preparing to supply Dangote’s new 650,000-barrel-per-day oil refinery with up to six crude oil shipments in December for trial operations.
The refinery, backed by Aliko Dangote, is expected to reshape oil trading in the Atlantic Basin and could impact European and U.S. fuel exports to Africa. The Dangote refinery, located near Lagos in the Lekki Free Trade Zone, aims to make Nigeria a net exporter of fuels.
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The initial agreement covers six crude oil shipments totaling 200,000 barrels per day, with future volumes to be determined through mutual agreement.
Dangote refinery, which began commissioning in May after experiencing delays and cost overruns, is expected to gradually increase its fuel output as it approaches full operational capacity.