Record Drop in Nigeria’s Petrol Imports as Dangote Refinery Transforms the Market Nigeria’s import of Premium Motor Spirit, commonly known as petrol, has seen a significant decline in June, marking a historic low. This drop is largely attributed to the increased production capacity of the 650,000 barrels-per-day Dangote Petroleum Refinery. The refinery’s output has significantly reduced the demand for imported …
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Growth in Nigeria’s Oil Production: A Strategic Shift Nigeria has made significant strides in enhancing its hydrocarbon production through substantial investments in drilling infrastructure. Over the past three years, from 2022 to 2025, crude oil producers operating in the country have allocated a total of $8 billion to develop rig infrastructure. This investment has led to a marked increase in …
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Dangote Oil Refinery Shifts Focus to Local Crude Supply The Dangote oil refinery is set to receive 10 shipments of crude oil from the Nigerian National Petroleum Company Limited (NNPC) between July and August, according to a report. This development marks a significant step in the facility’s plan to phase out crude imports by December 2025. The refinery aims to …
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