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Dangote Refinery Prepares to Begin Sale of Fuel as it Buys More Crude Oil
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#224b483d ver:0.53

The Dangote Petroleum Refinery, located in Lagos State, Nigeria, has purchased additional crude oil from the United States as it prepares to commence the sale of petrol. The refinery has opted to diversify its feedstock and take advantage of the lower cost of US crude oil. The decision to import crude oil from the US reflects the refinery's strategy of flexibility in sourcing feedstock, which includes African crudes and supplies from other global regions. The Dangote Refinery is set to begin petrol deliveries in May 2024 and has also announced a reduction in the price of diesel. Additionally, indigenous refineries in Nigeria now have the option to buy crude oil in either naira or dollars .

The Dangote Refinery, Africa's largest refinery, has finalized a deal to import two million barrels...

#newstr #DangoteRefinery #FuelSale #CrudeOil #Petrol #Diesel

https://here.news/story/224b483d?ver=0.53