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OIL PRODUCTS: Dangote Begins Supplying Gasoline Domestically: Argus

OIL PRODUCTS
BulletEnergy BulletsCommodities

Nigeria’s 650k b/d Dangote refinery has begun selling gasoline in the domestic market to NNPC, Argus said.

  • NNPC is paying Dangote in US dollars for September gasoline loadings for September gasoline loadings.
  • NNPC published a Dangote gasoline ex-refinery price of $736/mt, based on spot from Sep. 13.
  • Dangote said that it expects to be able to produce 365k b/d (57m l/d) of gasoline at full capacity, more than enough to cover Nigerian demand of 33m l/d.
  • The refinery is still far from reaching full capacity and its crude feedstock supply was 185k b/d in August.
  • Dangote is also yet to complete its startup of its RFCC, holding back gasoline production capacity.
  • NNPC will begin supplying 385k b/d of crude oil to Dangote from Oct. 1.  In return, Dangote will supply an equivalent value of gasoline and diesel to the domestic market. Gasoline will be sold exclusively to NNPC.
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Nigeria’s 650k b/d Dangote refinery has begun selling gasoline in the domestic market to NNPC, Argus said.

  • NNPC is paying Dangote in US dollars for September gasoline loadings for September gasoline loadings.
  • NNPC published a Dangote gasoline ex-refinery price of $736/mt, based on spot from Sep. 13.
  • Dangote said that it expects to be able to produce 365k b/d (57m l/d) of gasoline at full capacity, more than enough to cover Nigerian demand of 33m l/d.
  • The refinery is still far from reaching full capacity and its crude feedstock supply was 185k b/d in August.
  • Dangote is also yet to complete its startup of its RFCC, holding back gasoline production capacity.
  • NNPC will begin supplying 385k b/d of crude oil to Dangote from Oct. 1.  In return, Dangote will supply an equivalent value of gasoline and diesel to the domestic market. Gasoline will be sold exclusively to NNPC.