The Dangote Refinery was commissioned in May 2023. Dangote Refinery has said that the recent adjustment in the company’s ex-depot price of petrol “is directly related to the significant increase in global crude oil prices”. The company assured Nigerians that three of its partners will sell petrol for ₦970 per litre nationwide despite the company’s recent increase in the ex-depot price of petrol. A spokesman for the refinery Anthony Chiejina in a statement on Sunday said, “While we have made a 5% adjustment to our ex-depot price from N899.50 to N950 per litre, it is important to note that this increase is considerably lower than the 15% rise in global crude oil prices, which has seen Brent Crude rise from $70 to $82 in a matter of days, in addition to
Tag Archives: EnergyNews
Jan
Harmattan Energy, an indirect subsidiary of the U.S.-headquartered energy giant Chevron, has drilled an exploration well in the Orange Basin off the coast of Namibia, which did not yield any commercial hydrocarbon quantities. After Chevron’s affiliate got an environmental clearance certificate (ECC) from the Ministry of Environment, Forestry, and Tourism to spud up to ten wells in Namibia, encompassing around five exploration and five appraisal wells, anticipated to be carried out over three years, the company confirmed its intention to drill one exploratory well in Block 2813B within PEL 90 in the Orange Basin. To this end, the firm booked a rig from Northern Ocean for the Kapana 1-X exploration well, aiming to spud it in the fourth quarter of 2024. As a result, the Odfjell Drilling-managed Deepsea Bollsta semi-submersible