BY Bunmi Aduloju
Dangote oil refinery has issued Nigeria’s tenders to sell its first two fuel cargoes for export.
According to a report on Wednesday by Reuters, the cargo is the first from the multi-billion dollar refinery.
Trading sources with knowledge of the matter told Reuters that the first cargo is 65,000 metric tons of low-sulphur straight-run fuel oil.
According to Reuters, Dangote has awarded the shipment to Trafigura and is due to load at the end of February.
“At least one refiner said they had been offered the cargo by Trafigura without elaborating further,” Reuters said.
“The second tender is for about 60,000 tons of naphtha… the tender closes on Feb. 15. Loading details were not immediately available.”
Meanwhile, the refinery is expected to import crude from the United States in the coming months.
The Dangote Refining Company had said the plant is designed for 100 percent Nigerian crude “with the flexibility to process other crudes”.
The management had also said the refinery “can process most African crude grades as well as Middle Eastern Arab Light and even US Light tight oil as well as crude from other countries”.
The plant commenced operations with the production of diesel and aviation fuel, on January 12, 2024 — after receiving six shipments of crude.
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