The Dangote Oil Refining Company has begun the process of production of petroleum products paving the way for additional jobs and foreign exchange relief to the economy.
This is coming on the heels of the delivery of two million barrels of crude, after yesterday’s delivery of an additional one million barrels of crude oil yesterday to the refinery, two weeks after taking the delivery of the first cargo of one million barrels.
The Refinery says it has purchased the first one million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO), one of the largest trading companies in Nigeria as well as globally, trading over 8 million barrels of crude oil per day.
This represents the first phase of the 6 million barrels of crude oil to be supplied by a range of suppliers.
The latest cargo sailed to the facility’s Single-Point Mooring (SPM) and discharged into the refinery’s crude oil tanks, has geared up total deliveries to about two million barrels.
It is believed that with the level of crude supplies, the Dangote Refinery is on course to start operations.
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