Aliko Dangote's refinery receives 146,000 tonnes of global oil supply
The latest delivery, discharged by the vessel Hercules, comes ahead of another 125,000-tonne shipment expected via the Sienna.
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The latest delivery, discharged by the vessel Hercules, comes ahead of another 125,000-tonne shipment expected via the Sienna.
The decision follows a major policy shift by NNPC, which scrapped the naira-for-crude oil swap deal just ten days ago.
The move is expected to drive up operational costs and could lead to higher fuel prices.
This aligns with Nigeria’s broader economic recovery efforts under President Bola Ahmed Tinubu and aims to ease financial pressure on consumers.
The decision follows favorable shifts in the global energy market and a notable drop in international crude oil prices.
The project is back on track after being hampered by several issues.
The refinery’s pipeline infrastructure will process 540,000 barrels of Nigerian crude per day in the first phase of operation.