Latest News

Document summary: Nigeria's Dangote Oil refinery tenders to sell fuel oil

Document summary: Nigeria's Dangote Oil refinery tenders to sell fuel oil

According to a summary shared by a source in the market, Nigeria's Dangote refinery released a tender Tuesday for 128,000 metric tonnes of residual fuel oil to be sold in April.

Summary showed that the 650,000 barrels per day (bpd), Dangote refinery, will close its tender on Wednesday, 1200 GMT. It is looking for buyers of 88,000 tons low-sulfur straight run fuel oil, and 40,000 tonnes of slurry for loading between April 10-12.

The refinery didn't immediately respond to our request for comment.

According to IIR, Dangote's 204,000 barrels per day gasoline production unit will be shut down for 30 days to undergo maintenance. The shutdown is tentatively scheduled to begin on June 1.

Straight run fuel oil can be refined into gasoline or diesel by secondary refinery units.

According to Kpler shipping data analytics, Dangote's fuel exports from March to August, 2024 averaged 75,000 barrels per day. However, they dropped to 20,000 barrels per day in September when the company began production of its gasoline-making residue catalytic cracked unit. Enes Tunagur reported; Kirovan Donovan edited.

(source: Reuters)