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The maiden consignment, comprising 45,000 metric tons of jet fuel, embarked on its journey to Rotterdam, Netherlands, aboard the vessel “Doric Breeze” from the Lekki Free Zone in Lagos on May 27.
The choice to pursue a dual listing on both exchanges reflects considerations arising from the NGX’s current limitations in accommodating the scale of the refinery.
Trafigura Group, a multinational commodity trading company headquartered in Singapore, has been awarded the contract for the inaugural shipment.
The move by the Dangote Oil Refinery, led by Aliko Dangote, who holds the title of the world’s richest Black billionaire, signals a significant change in strategy.
The latest delivery, consisting of one million Agbami barrels of crude, marks the completion of the 6-million-barrel consignment to be utilized in the start-up phase.
The complex will initially focus on producing diesel, aviation fuel, and gas, with petrol production planned for a later stage.
The Dangote Oil Refinery is set to receive its first cargo of 6 million barrels from the Nigerian National Petroleum Corporation Limited (NNPC).
The IEA recently commended Dangote and his refinery as a transformative force poised to drive oil demand growth in the coming decade.
Reports had indicated that Aliko Dangote was nearing a significant milestone as the Dangote Oil Refinery prepared to receive its first crude oil cargo in October.
The Dangote Oil Refinery project stands as a resounding testament to the unwavering dedication of Aliko Dangote and the Dangote Group.
The delay in the Dangote Oil Refinery’s production start has left stakeholders in Nigeria’s oil industry eagerly awaiting updates
Dangote has unveiled his $20.5-billion mega-refinery, propelling Nigeria’s oil industry and economy to new heights.
Dangote is set to become the first Black person in history to lay claim to a $30-billion fortune.
To support the well-being of its prospective candidates, Dangote Group has established temporary housing for 20,000 employees.
The project will strengthen the country’s downstream industry.
The refinery will be closely watched by the global energy industry.