Dangote Refinery

Nigeria's petrol market is facing a fresh contradiction: domestic refining capacity is expanding rapidly, yet imported petrol is taking a larger share of the market while pump prices continue to rise.Data cited by the Centre for the Promotion of...

Nigeria's fuel market is facing another potential price shock after fresh fighting between the United States and Iran pushed international crude prices above $90 a barrel and revived fears over global energy supplies.Brent crude, the international benchmark used to...

Dangote Petroleum Refinery is increasingly looking toward export markets for surplus refined products as rising petrol imports create uncertainty over the level of demand it can expect from the Nigerian market.The refinery said imported Premium Motor Spirit (PMS), commonly...

Dangote Petroleum Refinery's petrol pricing has entered another period of volatility, with the refinery making four adjustments in less than a month since returning to naira-denominated sales.The latest increase took effect on August 26, taking the refinery's Premium Motor...

The Dangote Refinery is set to increase its production capacity from 650,000 barrels per day (bpd) to 700,000 bpd, according to David Bird, Chief Executive Officer of the refinery. Speaking at a press briefing on Wednesday, Bird said the refinery...

Africa forfeits about $15 billion every year by exporting most of its crude oil and natural gas instead of refining and processing them locally, the African Petroleum Producers Organisation (APPO) has said. APPO Secretary-General Farid Ghazali disclosed this at the...