CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

REFINING: NNPC to Supply 13 Crude Cargoes to Dangote in October

REFINING

Nigeria's NNPC will supply a total of 13 crude cargoes to the Dangote refinery in October to help ease pressure on local gasoline supply, according to Adedapo Segun, the head of downstream operations cited by Reuters.

  • NNPC reported earlier this week it is facing gasoline shortages because finance issues leave it unable to purchase enough imports leading to widespread gasoline shortages in Nigeria which started in July.
  • The government plan to sell crude locally in naira, is supporting the Dangote Oil refinery with 7 cargoes in September and a further 13 cargoes in October.
  • "So we are doing everything we can to make sure this situation (fuel shortages) abates, as soon as possible," Segun said.
  • Dangote refinery officials this week confirmed that the refinery was getting ready to export gasoline by the end of the week after the start of operations of the gasoline reformer.
  • Nigeria current depends on gasoline imports, but the country aims to be more self-sustainable in oil products production from the start of Dangote as well as with plans to upgrade to other mothballed refineries. 
BulletEnergy BulletsCommodities
BulletEnergy BulletsCommodities

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.