Following an ambitious goal to refine oil in Nigeria for the first time in decades, the Nigerian industrialist, Aliko Dangote, has now set his sights on crude oil exploration. The initial date for this had been sometime in Q4 of 2024, however, Dangote’s crude production would begin in 2025.
This decision to commence oil exploration follows two months of crude supply dispute between Dangote and Nigerian authorities.
Aliko Dangote aims to begin crude oil exploration in Nigeria by 2025.
S&P Global Commodity Insights, released a report, highlighting Dangote’s objective to begin oil production by 2025, at its two oil properties in the southern state of Delta in Nigeria.
“The company source said production at the company’s two Niger Delta upstream projects in Oil Mining Leases 71 and 72 would start at around 20,000 b/d, before ramping up further in the first quarter of 2025,” the report revealed.
- Mutharika sides with Malawians withholding consent to CDFBY Vincent Gunde President Professor Arthur Peter Mutharika has sent a strong message to Members of Parliament (MPs) that he is not the same Mutharika of 2014 to 2020 who made Malawians to lose trust in his leadership leading to his ousting from government on the 23rd June, 2020 court sanctioned presidential elections. Mutharika has… Read more: Mutharika sides with Malawians withholding consent to CDF
- Kabambe Calls for United National Action as UTM Extends Lifeline to Flood Victims in DwangwaBy Suleman Chitera UTM President Dalitso Kabambe has renewed his call for collective national action to address recurring floods, saying Malawi must urgently invest in proper human settlements and effective drainage systems to protect vulnerable communities. Speaking on Wednesday in Dwangwa, Nkhotakota, while comforting families displaced by floods, Kabambe said the disasters are a clear… Read more: Kabambe Calls for United National Action as UTM Extends Lifeline to Flood Victims in Dwangwa
- Kamphangala accuses MCP members of calling for Chimwendo’s releaseBy Vincent Gunde A Malawi Congress Party (MCP) diehard of Mvera in Dowa district Mr. Rodgers Kamphangala, has accused some MCP members and supporters of calling for an immediate release of MCP Secretary General Richard Chimwendo Banda. Kamphangala said those who are calling for an immediate release of Chimwendo Banda do not know the offence… Read more: Kamphangala accuses MCP members of calling for Chimwendo’s release
- Malawi at A crossroads: The K21 Trillion question that demands answersBy Suleman Chitera, Opinion and investigative desk Malawi today stands battered by deepening poverty, a collapsing economy, and a citizenry pushed to the edge of survival. At the center of this crisis lies a troubling question that refuses to go away: What happened to the trillions borrowed in the name of the Malawian people over… Read more: Malawi at A crossroads: The K21 Trillion question that demands answers
- China Unveils Next-Generation Strategic Missile Launcher with Breakthrough MobilityBy Suleman Chitera In a powerful demonstration of technological confidence and strategic ambition, China has unveiled a modern, next-generation military vehicle in Beijing, designed to serve as a mobile launcher for intercontinental ballistic missiles (ICBMs). The newly revealed platform represents a significant leap forward in China’s defense engineering. Developed within an exceptionally short timeframe, the… Read more: China Unveils Next-Generation Strategic Missile Launcher with Breakthrough Mobility
- 2026 Audi Q3 Unveiled: Quattro All-Wheel Drive, Premium Interior and Advanced Digital TechBy Suleman Chitera The 2026 Audi Q3 arrives as a thoroughly refreshed compact luxury SUV, combining Audi’s signature Quattro all-wheel drive system, a refined interior, and the latest in digital technology. The new generation Q3 is designed to appeal to buyers who seek a premium driving experience without stepping into larger SUV territory. With enhanced… Read more: 2026 Audi Q3 Unveiled: Quattro All-Wheel Drive, Premium Interior and Advanced Digital Tech
- Why is Malawian Sugar cheaper in Zambia than at home?Chiradzulu activist Suleman Chitera takes aim at Sugar giants By Staff Reporter By any economic logic, sugar produced in Malawi should be cheapest on Malawian shelves. Yet the opposite is true. In a growing regional paradox that continues to punish local consumers, Malawian sugar is reportedly selling at significantly lower prices in Zambia than in… Read more: Why is Malawian Sugar cheaper in Zambia than at home?
- Mutharika Blocks CDF Amendment, Citing Weak Oversight and Risk of AbuseBy Suleman Chitera State House has confirmed that President Peter Mutharika has withheld assent to the Constitution (Amendment) Bill of 2025, delivering a sharp rebuke to Parliament over what the Presidency describes as inadequate safeguards around the management of Constituency Development Fund (CDF) resources. In a press statement issued today and signed by the President’s… Read more: Mutharika Blocks CDF Amendment, Citing Weak Oversight and Risk of Abuse
- Print & Cut Steps Forward to Restore Iconic Mangochi SignBy Suleman Chitera Print & Cut Company has reaffirmed its commitment to community pride and place branding, expressing strong optimism that the Mangochi District Council will approve its proposal to reinstall the iconic “Mangochi” sign that was recently stolen from the district’s main entrance. Speaking after Mangochi Police confirmed the recovery of the stolen sign,… Read more: Print & Cut Steps Forward to Restore Iconic Mangochi Sign
The report earlier revealed that the launch date was intended for Q4 2024, however, the date was revised.
According to the Punch, this information was confirmed by a senior official at the Dangote refinery on Saturday as he responded to the report by S&P Global Commodity Insights.
“Yes, I saw the S&P report; our company is truly going to start crude oil production to support the refinery, but it is going to start in the first quarter of 2025,” the senior official relayed.
Dangote’s crude saga
The distribution of refined petrol from the Dangote refinery, has been subject to several delays, owing to an intense debacle between the refinery and the government, concerning the sale of crude.
NNPCL has been accused of preventing Dangote from accessing locally produced petroleum
There were accusations that the Nigerian National Petroleum Company Limited (NNPCL) was preventing Dangote from accessing locally produced petroleum by either selling it above market price, selling it in US dollars as opposed to the Naira, and a claim that crude was unavailable.
At the time, the Dangote refinery was forced to purchase oil from the international market, including Brazil and the United States at a very expensive rate.
Following these adverse events, Dangote, according to the report, decided to initiate crude production at its two Niger Delta upstream projects in Oil Mining Leases 71 and 72, starting with around 20,000 barrels per day and scaling up further in the first quarter of 2025.
Additionally, Dangote is also looking for a floating production, storage, and offloading vessel capable of carrying 650,000 barrels of petroleum.
Leave a Reply