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The 650,000 barrels per day Dangote Petroleum Refinery is taking advantage of cheaper oil imports from the United States for as much as a third of its feedstock as it starts up production.
A report on Thursday stated that the plant has been shipping products in recent weeks while readying two units to enable gasoline (petrol) output that will deliver a long-promised transformation of the fuel market both in Nigeria and the region.
The refinery is running at about 300,000 barrels per day, nearly half its nameplate capacity, according to the average estimate of analysts at WoodMac, FGE, and Citac.
The complex has started shipping jet fuel, gasoil, and naphtha as it widens to a full slate of products.
Two Russian strikes in Ukraine's central Dnipropetrovsk region have killed at least seven people, including two children. The station in the main city Dnipro came under attack, and several homes were hit further east in Synelnykove. President Volodymyr Zelensky said the attack showed that all Ukrainian cities needed more advanced air defences. In a separate strike, Ukraine said that for the first time it had downed a strategic long-range bomber […]
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