Dangote Refinery set to receive barrels of crude oil

The Federal Government and Dangote Refinery have reached an agreement to pay for crude oil supplied to the facility in local currency.

This arrangement will enable the 650,000 barrels per day refinery to receive a substantial 24 million barrels of oil throughout October and November this year.

Report by Bloomberg on Monday stated that the Dangote Refinery, is expected to take in up to 400,000 barrels of crude daily over the next two months.

The development marks a transformative moment for Africa’s largest oil plant in the region’s import and export markets.