MNI China Daily Summary: Wednesday, June 19

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CHINA PBOC CONDUCTS CNY278 BILLION VIA 7-DAY REVERSE REPOS WEDS

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Total Strikes Supply Deal with Dangote Refinery: Reuters

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Total has signed its first supply deal with Nigeria’s new 650k b/d refinery, its CEO Patrick Pouyanne said May 17, cited by Reuters.

  • Reuters did not provide further details of the supply agreement signed.
  • Dangote has been trying to secure crude supplies for the refinery, in preparation for it hitting full capacity.
  • In May, Dangote issued a buy tender for monthly supplies of 2m bbl of WTI Midland crude for a period of 12 months. The initial delivery would be in July.
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Total has signed its first supply deal with Nigeria’s new 650k b/d refinery, its CEO Patrick Pouyanne said May 17, cited by Reuters.

  • Reuters did not provide further details of the supply agreement signed.
  • Dangote has been trying to secure crude supplies for the refinery, in preparation for it hitting full capacity.
  • In May, Dangote issued a buy tender for monthly supplies of 2m bbl of WTI Midland crude for a period of 12 months. The initial delivery would be in July.