Connect with us

News

Dangote Refinery Kicks Off Fuel Exports To West African Countries

Published

on

The Dangote Petroleum Refinery has officially started exporting refined petroleum products tot neighbouring West African nations, a move that could reshape the regional fuel market.
A Bloomberg report on Tuesday, referencing data from Vortexa, Kpler, Precise Intelligence, and other sources, revealed that a tanker recently transported a shipment of gasoline from the Dangote Refinery to waters near Togo.

LgosTimes Nigeria reports that this development aligns with earlier remarks by Chairman of Ghana’s National Petroleum Authority, Mustapha Abdul-Hamid, who announced plans for Ghana to source petroleum products from the Dangote Refinery.

Speaking at the OTL Africa Downstream Oil Conference in Lagos, Abdul-Hamid explained that importing fuel from Nigeria instead of Europe could save Ghana up to $400 million monthly and reduce freight costs, which would, in turn, lower the prices of goods and services.

“If the refinery reaches 650,000bpd a day capacity, all that volume cannot be consumed by Nigeria alone, so instead of us importing as we do right now from Rotterdam, it will be much easier for us to import from Nigeria and I believe that will bring down our prices,” Abdul-Hamid noted.

Advertisement

Similarly, The PUNCH recently reported that the refinery is gearing up to export fuel to other African countries, including South Africa, Angola, and Namibia.

Negotiations are also underway with Niger Republic, Chad, Burkina Faso, and the Central African Republic.

A source close to the refinery disclosed that talks with several countries are at advanced stages.

“I can confirm to you that talks are actually at the advanced stage with Ghana, Angola, Namibia, and South Africa, while the initial discussion is coming up with Niger, Chad, Burkina Faso, and the Central African Republic,” the source said.

Advertisement

The gasoline shipment mentioned in the report is currently anchored off the coast of Lome, Togo, a hotspot for ship-to-ship fuel transfers.

It remains unclear where the cargo will ultimately be delivered, as such transfers often redirect fuel to other destinations.

While the shipment is relatively small by global standards, it signals the refinery’s growing production capacity and potential to disrupt fuel markets across the region.

The refinery had previously shipped its first gasoline cargo to Lagos, marking the start of its domestic fuel distribution.

Advertisement

Whether a significant portion of the refinery’s gasoline output will be exported in the future remains uncertain.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Abuja in panic mode as woman, her children burnt beyond recognition

Published

on

An accident has claimed the lives of a middle-aged woman and her two children after the bus they were traveling in caught fire near Manderegi village, along the Abuja-Lokoja highway.

The incident, which occurred on an 18-seater commuter bus with registration number BGT 996 LG, left 12 other passengers with severe burns.

The bus was reportedly en route to Kogi State when it suddenly burst into flames.

Eyewitnesses reported that the victims were trapped inside the vehicle and burnt beyond recognition.

Advertisement

Officials of the Federal Road Safety Corps (FRSC) later evacuated the remains of the deceased and transported the injured to a hospital in Abaji for treatment.

Confirming the incident, the FCT Sector Commander of the FRSC, Mr. Muta’ah Chorrie, attributed the tragedy to the driver’s negligence.

According to Chorrie, the driver had stored a jerrican filled with fuel in the bus alongside passengers, which likely contributed to the fire.

He said, “Let me tell you, this is what we have been saying that there is danger in carrying extra fuel with passengers while traveling. We have been sensitizing motorists on this but some defiant drivers still carry them.’’

Advertisement
Continue Reading

News

INEC presents certificates of return to Gov Aiyedatiwa, deputy

Published

on

The Independent National Electoral Commission has presented certificates of return to Ondo State Governor-elect, Lucky Aiyedatiwa, and his deputy, Adelami Olayide.

The certificates were handed over in Abuja on Wednesday by the Supervisory National Commissioner for Ondo State, Prof. Kunle Ajayi.

This comes four days after INEC declared Aiyedatiwa the winner of the governorship election held on Saturday.

Representing the All Progressives Congress, Aiyedatiwa defeated Agboola Ajayi of the Peoples Democratic Party and 15 other candidates.

Advertisement

He won across all 18 local government areas of the state, polling 366,781 votes against Ajayi’s 117,845.

Continue Reading

News

“Na your papa Family or Inheritance? – Nigerians React As Ndume Begs Senate To Allow Ifeanyi Ubah’s Widow To Replace Him in senate

Published

on

Some Nigerians have queried the lawmaker representing Borno South, Ali Ndume, who pleaded with the Senate to allow the widow of the late Senator Ifeanyi Ubah to replace him as the representative of Anambra South Senatorial District.

Recall that Ndume had argued that it is necessary to preserve Ubah’s legacy and aspirations through his family.

Ndume made the appeal during the Valedictory session held on Tuesday in honour of the late senator.

Citing historical precedents, Ndume argued that such a move would honour the late senator’s contributions to the Senate and ensure continuity in representing his constituency.

Advertisement

However, Ndume’s suggestion earned him criticism from Nigerians, questioning if political offices are hereditary or family property.

@chimm_di wrote: “I don’t understand… succeed him as per? His property or family inheritance? This country sev”

@orefolayan wrote: “Is the Senate seat a Monarchy? Which one be “succeed him”?”

@kelvin_hartz wrote: “A widow that should be m0urning her husband.”

Advertisement

@adumaadand6 wrote: “So we are now practicing a hereditary monarchical system of government in the Senate? Is it a family heirloom that needs to be inherited? What exactly is going on in this country? Who deemed her worthy to decide our fate in this country? Are we using sentiments now? Why can’t she go through the same process other senate went through? Be voted for. Did the people she wants to represent them say they want her? I’ve so many questions cos this is just something else”

@101fred wrote: “Naija de turn family business small small . People now inherit government positions… hmmm”

@innocent wrote: “That you guys in the North and soon Lagos are now treating elected political positions as family inheritance which is why El rufai and so on have their families and kids in Federal Political offices. It does not mean South East tolerates such. Keep your monarchy system of government up there to yourselves.”

@augustine_vivian wrote: “So politics in Nigeria has suddenly becomes family HERITAGE”

Advertisement

@meyer7xxx wrote: “It’s not a thing of competence, it’s a family business and they are no longer bothered dishing it out in our faces”

City news

Continue Reading

Trending

Copyright © 2024 Naija Blitz News