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Home » UPDATE 1-Nigeria’s Dangote refinery receives first crude cargo

UPDATE 1-Nigeria’s Dangote refinery receives first crude cargo

    The Dangote oil refinery in Nigeria on Friday received its first cargo of 1 million barrels of crude oil from Shell International Trading and Shipping Co (STASCO), bringing the start of operations closer after years of delays. Once fully running, the 650,000 barrel-per-day refinery funded by Africa's richest man Aliko Dangote will turn oil powerhouse Nigeria into a net exporter of fuels, a long-sought goal for the OPEC member that almost totally relies on imports. Dangote Group said in a statement seen by Reuters on Friday that the cargo of 1 million barrels of crude from Agbami – a deep water field run by Chevron – was the first of 6 million barrels that would enable an initial run of the refinery.

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