Date for Dangote’s crude oil production shifts to 2025

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.

• New Toyota Corolla 2025 launched with stylish design and upgraded features
  Toyota Corolla 2025: The automotive world in India is buzzing with excitement as Toyota Corolla 2025 makes its highly anticipated return to the…
• Peter Mutharika Remains a Beloved Leader Among Many Malawians
  By Suleman Chitera Former President Peter Mutharika continues to enjoy strong support across Malawi, with many citizens praising his leadership…
• Nkem Owoh launches free school in Enugu to empower underprivileged children
  By Burnett Munthali Nollywood actor Nkem Owoh, widely known for his iconic role as Osuofia, has revealed a new side…
• Concerned Citizen claims Mutharika is the most popular candidate
  By Vincent Gunde Former President of the Republic who is also DPP leader Professor Arthur Peter Mutharika, has proved to…
• AFORD calls democrats to condemn MCPs attempt to silence opposition
  By Vincent Gunde The Alliance for Democracy (AFORD), has called on all Malawians, all democrats, and all who believe in…
• NICE Hosts Successful Political Debate Ahead of Elections
  By Staff Writer The National Initiative for Civic Education (NICE) continues conducting successful political debates in Mzuzu City aimed at…
• FCB Nyasa Big Bullets Go Top of TNM Super League After Beating Songwe Border United 3-1
  Karonga, Malawi – Defending champions FCB Nyasa Big Bullets moved to the summit of the TNM Super League with a…
• Atupele Muluzi Urges Malawians to Trust Electoral System Ahead of 2025 Elections
  By Suleman Chitera Blantyre, Malawi – United Democratic Front (UDF) president Atupele Muluzi has called on Malawians to remain confident…
• MRP happy with Malawians responses on its Mindset Change Project
  By Vincent Gunde Muvi wa Chilungamo Revolutionary Party’s (MRP) Secretary General Greyson Mikuwa, says the phone-in programme which was conducted…

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.