Aliko Dangote may sell stake as NNPC seeks larger share in $20 billion refinery
NNPC aims for a 20 percent stake in Aliko Dangote’s $20 billion refinery to strengthen Nigeria’s refining capacity.
Skip to content
NNPC aims for a 20 percent stake in Aliko Dangote’s $20 billion refinery to strengthen Nigeria’s refining capacity.
Mustapha Fasinro’s Linetrale secures LNG cargoes from NNPC, signaling a rare breakthrough for a Nigerian firm in the international gas market.
Aliko Dangote’s refinery signs two-year crude deal with NNPC to boost domestic fuel supply through 2027.
Aliko Dangote’s $20 billion refinery bought $7.2 million crude from NNPC in July under Nigeria’s naira-for-crude policy, filings show.
The move is expected to drive up operational costs and could lead to higher fuel prices.
NNPC acquires a 15% stake in Starzs Gas’ $7 million CNG plant, strengthening Nigeria’s clean energy drive, domestic gas expansion, and industrial development.
Nigeria's largest refinery aligns with new fuel policies amid ongoing imports.
Nigeria’s state-owned oil company ends exclusive agreement with Dangote’s refinery, opens fuel market to competition.
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 has lauded Dangote and his Dangote Oil Refinery as a pivotal force poised to stimulate oil demand growth over the next decade.
The rehabilitation contracts have drawn both praise and criticism from industry stakeholders.
THE Dangote Refinery is a $19-billion integrated petrochemical refinery complex.
Omokore said his connection with Alison-Madueke was no more than professional.
The refinery will have a capacity of 650,000 barrels per day.
According to the NNPC, discussions have already been initiated.
An additional 80 homes valued at $80 million have been recovered from ex-Minister Diezani Allison-Madueke.