Dangote Refinery partners NARTO to distribute petroleum products

NIGERIA – Dangote Refinery has announced that it will partner with the Nigerian Association of Road Transport Owners (NARTO) to distribute petroleum products from the refinery across the country. Dangote Industries Limited said that members of the association paid a visit to the refinery in Ibeju-Lekki during which they toured the facility and expressed their willingness to collaborate on the distribution of refined products. Speaking after a tour of the refinery project, Lawal Yusuf Othman, President of NARTO, described Aliko Dangote as a trailblazer in the nation’s industrial development, whose…

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Federal Executive Council acquires 20% equity stakes in Dangote Refinery

NIGERIA – Federal Executive Council (FEC) has approved the acquisition of 20% equity stakes in Dangote Refinery, an integrated refinery project under construction, by the Nigerian National Petroleum Corporation (NNPC) for a cash consideration of US$2.76 billion. The NNPC had earlier announced in May 2021 its intention to acquire an equity stake in Aliko Dangote’s refinery, as well as in five other refineries that are in the development phase, to promote national energy security. Nigeria has four refineries – located in Port Harcourt, Kaduna, and Warri- with a combined installed…

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