ReadR


Headline : Dangote Refinery Getting a Third of Its Crude from US, Set to Shake West African Supply Market

Read more from the original article on here at www.arise.tv.




Tags : #dangote #refinery #getting #third #crude #us #set #shake #west #african #supply #market



No. of Paragraph 27

The 650,000 barrels per day Dangote Crude Oil Refinery near Lagos is getting at least a third of its crude oil supply from the United States, underscoring the ย cheapness of US oil compared to other producing countriesโ€™.

A report by Bloomberg said on Thursday that Nigeriaโ€™s new mega Dangote oil refinery is slowly grinding into gear, with analysts and traders watching its ramp up closely to try to understand when it will start pouring petrol into the market.

โ€œThe 650,000 barrel-a-day Dangote plant outside Lagos is taking advantage of cheaper US oil imports for as much as a third of its feedstock as it starts up,โ€ the report added.

According to Bloomberg, Dangote has been shipping products in recent weeks while readying two units to enable petrol output that will deliver a long-promised transformation of the fuel market both in Nigeria and the region, according to analysts.

Read more from the original article on here at www.arise.tv.


Related Headlines : Dangote Refinery Getting a Third of Its Crude from US, Set to Shake West African Supply Market (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.