In this article, the Dangote refinery is expecting a second batch of crude oil and it’s scheduled to arrive on Wednesday being the 13th of march.
The Dangote refinery is expecting a second batch of crude oil, the cargo of US WTI is on its way to Nigeria’s new 650,000 b/d Dangote refinery and it’s scheduled to arrive on 13 March.
The Suezmax Otis loaded WTI Midland in Houston on 18 February, Kpler data show. Vitol chartered the tanker, shipping reports and tracking show.
Dangote could be running different crudes to test which offer the best value and provide the most optimal operations, a source says, while sellers may be looking to strike attractive deals to ensure business at a later stage.
The first WTI cargo was scheduled to arrive at the refinery in early March.
Meanwhile, Dangote Petroleum Refinery has registered Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Independent Petroleum Marketers Association of Nigeria, (IPMAN), and Major Oil Marketers Association of Nigeria, (MOMAN), for the distribution of products from the facility in Lagos.
The company is also considering other marketers that have signified interest in the lifting and distribution of its petroleum products in the country.
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Executive Secretary, Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Olufemi Adewole said that the Association commenced discussions with Dangote Petroleum Refinery regarding the lifting and distribution of refined petroleum products last year during a meeting between DAPPMAN Chairman Dame Winifred Akpani, the 2nd Vice Chairman, Alhaji Mahmud Tukur and the President of Dangote Group, Aliko Dangote.
He explained that the meeting was to explore collaboration between the refinery and DAPPMAN members whose nationwide presence will be critical in distributing products from the refinery to the consumers.
He said the refining of petroleum products from Dangote Refinery would accelerate Nigeria’s economic development and provide DAPPMAN members with seamless access to refined petroleum products.
Besides, National Vice President of IPMAN, Alhaji Hammed Adekunle Fasola, said IPMAN, had declared its intention to lift and distribute petroleum products from Dangote Refinery.
He said: “We have already established a business relationship with Dangote Refinery. We believe that the relationship is going to be a win-win one. Our association owns 80 per cent of the retail outlets in the country and we have all it takes to ensure smooth distribution of petroleum products from Dangote Refinery across the country.”
Also, the Executive Secretary/Chief Executive Officer, MOMAN, Clement Isong said MOMAN members have registered with Dangote Petroleum Refinery to become marketers of its products.
“I confirm that my members have registered with them. We were waiting for the production to start and now it has started, and they will start discussing the commercial terms. So yes, major marketers and other players will buy for the market. The important thing was the registration.
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“So now the commercial terms will be agreed with each marketer and then they will buy from them. There are several ways you can buy from them. They have loading ranks, over 90, so you can take your truck to go and pick. You can also use vessels to pick. Those are the two ways you pick products.”
Designed for 100% Nigerian Crude with the flexibility to process other crudes, the Refinery can load 2,900 trucks a day at its truck-loading gantries. The products from the Refinery will conform to Euro V specifications. The refinery design complies with the World Bank, US EPA, European emission norms, and Department of Petroleum Resources (DPR) emission/effluent norms, employing state-of-the-art technology.
Dangote Petroleum Refinery can meet 100% of Nigeria’s requirement for all refined products (Gasoline, 45 million liters per day; Diesel, 14 million liters per day; Kerosene, 10 million liters per day and Aviation Jet, 2 million liters per day) and have surplus for export.
The Management of Dangote Industries Limited noted that the registration of distributors has commenced. It, however, added that the process of appointment is ongoing. “All news regarding the Dangote Refinery should not be taken as a matter of fact if not officially communicated by the company”, the management stated