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OANDO PLC SHORTLISTED AS FINAL CONTENDER FOR TRINIDAD'S PETROTRIN REFINERY
Overview: Oando Plc, a leading Nigerian oil company, has been selected as one of three final contenders to acquire the defunct Petrotrin refinery in Trinidad and Tobago. This development marks a significant milestone in...
PORT HARCOURT REFINERY: CONTRACTOR REFUSES TO DISCLOSE COMPLETION TIMELINE
Key Details:
1. Contractor's Position: Maire Tecnimont SpA, the contractor responsible for the rehabilitation of the Port Harcourt Refinery, stated that it cannot publicly reveal details about the project, including the...
PORT HARCOURT REFINERY MISSES SEVENTH PRODUCTION ROLLOUT DEADLINE, NNPC FAILS TO PROVIDE UPDATES
Detailed Breakdown:
1. Context: The Port Harcourt Refinery in Rivers State, managed by the Nigerian National Petroleum Company Limited (NNPC), has missed its seventh deadline to begin fuel...
DANGOTE REFINERY AGREE ON SEPTEMBER PETROL ROLLOUT
Background and Agreement:
- The Federal Government of Nigeria formed a committee to ensure that crude oil sales to local refineries would be conducted in naira rather than foreign currency. This committee has now reached an agreement with the...
GCR AFFIRMS POSITIVE RATING ON DANGOTE REFINERY
- Rating Confirmation:
- GCR Ratings has affirmed Dangote Industries Limited’s (DIL) national-scale long-term issuer rating at AA+ and short-term issuer rating at A1+.
- Bond Ratings:
- The national scale long-term issue ratings of AA+(NG)...
A fire broke out at Dangote Petroleum Refinery in Lagos' Lekki Free Zone today 26th June. According to Dangote Group's Chief Corporate Communications Officer, Anthony Chiejina, the fire at the effluent treatment plant was swiftly contained. Operations continue without injury to staff, reassuring...
Key Points
- Accusations Against IOCs:
- Aliko Dangote’s refinery faces alleged sabotage from International Oil Companies (IOCs).
- These companies are accused of raising local crude prices above market rates, forcing the Dangote refinery to import crude at higher costs from the United...
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