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Business News of Saturday, 6 January 2024

Source: legit.ng

Major boost for Dangote Refinery as fifth crude oil cargo arrives, gears up for sixth shipment

Dangote refinery Dangote refinery

The Dangote Petroleum Refinery has received its fifth delivery of crude oil, comprising one million barrels of Bonny Light, sourced from the Nigerian National Petroleum Corporation Limited.

The product arrived at the Single Point Mooring (SPM)-C2 Dangote Offshore Oil Terminal on Thursday, January 6, 2024, and has already been discharged to the refinery’s crude oil tanks.

This noteworthy progress marks a crucial milestone for the refinery, signalling its imminent commencement of operations.

In recent weeks, Dangote Refinery has received one million barrels of crude on four separate occasions, totalling an aggregate of four million barrels.

The latest consignment marks the fifth delivery as the refinery gears up for the arrival of the sixth one million-barrel crude oil shipment scheduled for next week.

According to Punch, a statement from Dangote Refinery partly reads: "The crude oil cargo being the fifth consignment to be delivered to the Dangote Petroleum Refinery facility out of the six million barrels of crude being expected, arrived at the Single Point Mooring (SPM)-C2 Dangote Offshore Oil Terminal on Thursday, and has already been discharged to the refinery’s crude oil tanks."

This recent development is anticipated to play a crucial role in addressing the fuel supply challenges confronted by both Nigeria and other West African nations.