DMEA - Downstream Middle East & Africa

Dangote refinery purchases US Oil

Nigeria’s 650,000 barrels per day Dangote refinery has signed an agreement with Trafigura Group to import 2mn barrels of WTI Midland crude, marking the first time the plant has bought non-Nigerian oil.

Central Bank of Nigeria set to take over NNPCL crude sales

Nigerian president Bola Tinubu recently announced a change to the country’s oil industry to fix issues regarding transparency amid concerns regarding declining oil revenue and shady practices within the Nigerian National Petroleum Co. Ltd. (NNPC).