Dangote Petroleum Refinery has launched a tender to sell 128,000 metric tons of residual fuel oil, according to a document summary released on Tuesday. The tender, set to close today by 1 pm Nigerian time, aims to secure buyers for 88,000 tons of low-sulphur straight-run fuel oil and 40,000 tons of slurry oil for loading between April 10-12
Dangote refinery, which has a capacity of 650,000 barrels per day, plans to shut down its 204,000-barrel-per-day petrol production unit for maintenance starting June 1, as confirmed by industry monitor firm IIR.
This maintenance period is expected to last for 30 days, Reuters reports. Meanwhile, data from shipping analytics firm Kpler indicates that Dangote’s fuel oil exports averaged 75,000 barrels per day from March to August 2024, but declined to 20,000 barrels per day from September onwards due to the commencement of its petrol-making residue fluidised catalytic cracking unit.
It was reported that in efforts to meet its operational targets, Dangote Refinery has been procuring feedstock globally, including from the US, Angola, and Algeria, alongside bolstering domestic deliveries. Edwin Devakumar, vice-president of Dangote Industries Limited (DIL), previously stated in February that the refinery could achieve full operational capacity within 30 days. The refinery received over 24 million barrels of Nigerian crude oil between October and November last year. Aliko Dangote, chairman of Dangote Industries, reassured the public of the refinery’s capability to meet Nigeria’s fuel demand with over N600 billion worth of premium motor spirit (PMS) in storage.
