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NNPC To Provide 4 Crude Oil Cargoes to $20bn Dangote Refinery
The Nigerian Nationwide Petroleum Firm Ltd (NNPCL) has scheduled to provide 4 crude oil cargoes, (4 million barrels), beneath its February programme to the $20 billion Dangote refinery.
The 4 cargoes are anticipated to extend whole provide to about one billion barrels of crude as six million barrels have already been delivered to the plant.
This, in line with Reuters shall be satisfactory for the plant to check run its operations within the coming weeks.
It acknowledged: “OPEC member Nigeria at present depends on imports for a lot of the gas it consumes, however the Dangote refinery is anticipated to make it self-sufficient and capable of export gas to neighbours in West Africa, doubtlessly reworking oil buying and selling within the Atlantic Basin.
“Dangote acquired 1 million barrels of Nigeria’s Agbami crude on Monday, lifting whole volumes acquired since December to six million barrels.
“NNPC provided the 650,000 barrel per day (bpd) plant with 4 of the cargoes, two of the sources stated.”
Dangote’s group government director for technique, portfolio improvement and capital tasks, Edwin Devakumar, stated the corporate didn’t request cargoes from NNPC for January.
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“We’re beginning the refinery and if we proceed to line up cargoes our stock will construct up in addition to prices,” he stated. “If all the pieces goes nicely, we’ll run 8-10 days of operation then we’ll start to line up cargoes.”
The refinery can also be crude provides from different nations, he stated with out disclosing additional element.
One of many sources stated that the refinery has nominated 4 NNPC cargoes for February.
A second supply stated that NNPC wished to attend for the plant’s take a look at runs earlier than sending extra oil.
Preliminary processing capability is anticipated to succeed in 350,000 bpd, with the goal of ramping as much as full capability by the top of the yr, Dangote stated.
The Managing Director of Dangote Ports Operations, Mr. Akin Omole had stated: “As soon as the 6 million barrels are absolutely delivered, it should facilitate the preliminary run of the refinery in addition to kick-start the manufacturing of diesel, aviation gas, and Liquefied Petroleum Gasoline (LPG) earlier than subsequently progressing to the manufacturing of Premium Motor Spirit (PMS).”
In line with the corporate, “Dangote Oil Refinery is 650,000 barrels per day (BPD) built-in refinery challenge beneath development within the Lekki Free Zone close to Lagos, Nigeria. It’s anticipated to be Africa’s largest oil refinery and the world’s largest single-train facility.”
