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Tag: Crude Oil

Aliko Dangote’s Refinery Finally Opens as He Pens 74-Word Message to Nigerians in Rare Social Media Post

May 22, 2023
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| Energy, News Update

Aliko Dangote’s highly anticipated $19 billion refinery will finally begin operation today, Monday, May 22, 2023. The Dangote Refinery, located in the Lekki Free Trade Zone of Lagos, is set to be Africa’s largest oil refinery, with a capacity to process 650,000 barrels of crude oil daily. Punch reports that the refinery has been designed to process crude oil…

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Russian oil heads to West Africa for the first time since 2018 as Western sanctions leave Moscow scrambling to find buyers

February 28, 2023
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| News Update

Russian oil is heading to West Africa for the first time since 2018 as Western sanctions force Moscow to look for new buyers, according to Bloomberg.  On Friday, a tanker named Theseus arrived in Ghana, carrying about 600,000 barrels of Russian crude. The oil was supposed to be pumped into storage tanks at the Tema Oil Refinery, people familiar…

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