MNI PBOC WATCH: Easing Paused Ahead Of Two Sessions

MNI: GERMANY JAN PPI -0.1% M/M, 0.5% Y/Y

MNI BRIEF: China To Ensure Foreign Firms In Procurement

MNI: PBOC Net Drains CNY0.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1712 Thurs; -1.19% Y/Y

MNI BRIEF: China Feb LPR Remains Unchanged

MNI:AUSTRALIA JAN UNEMPLOYMENT RATE +4.1%

FED MINUTES: WANT FURTHER DISINFLATION BEFORE NEXT CUT

MNI: US REDBOOK: FEB STORE SALES +5.8% V YR AGO MO

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

REFINING: Dangote Head Say's It Could Run at Full Capacity in 30 Days

REFINING
BulletEnergy BulletsCommodities

The head of Nigeria’s Dangote refinery says it could begin operating at full capacity in 30 days Reuters reports.

  • Edwin Devakumar, head of the 650,000 bpd Dangote oil refinery said it was currently operating at 85% capacity and "we can go 100 percent in 30 days."
  • It is not clear if the refinery actually intends to try and do so but recent tenders show the refinery is looking to diversify its crude supply after failing to supply itself domestically as intended.
  • Dangote has recently launched tenders looking for various grades from West Africa, Mediterranean, Brazil, Guyana and US for March 1-10 delivery.
  • It has also recently began receiving crude from Cameroon, Chad and Angola for the first time.
115 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The head of Nigeria’s Dangote refinery says it could begin operating at full capacity in 30 days Reuters reports.

  • Edwin Devakumar, head of the 650,000 bpd Dangote oil refinery said it was currently operating at 85% capacity and "we can go 100 percent in 30 days."
  • It is not clear if the refinery actually intends to try and do so but recent tenders show the refinery is looking to diversify its crude supply after failing to supply itself domestically as intended.
  • Dangote has recently launched tenders looking for various grades from West Africa, Mediterranean, Brazil, Guyana and US for March 1-10 delivery.
  • It has also recently began receiving crude from Cameroon, Chad and Angola for the first time.