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LN24 > Blog > oil production Nigeria
10
Sep

Dangote Refinery Secures 16 Million Barrels of Nigerian Crude for October

  • LN24 / 4 weeks
  • 0
  • 3 min read

Nigeria’s Dangote Petroleum Refinery has secured at least 16 million barrels of Nigerian crude oil for delivery in October, reinforcing the facility’s growing role in the country’s oil industry as it continues to increase processing volumes. According to four industry sources cited by Reuters, the October purchases amount to roughly 520,000 barrels per day, representing […]

04
Aug

Nigeria Approves $4.5 Billion Refinancing of NNPC Oil-Backed Facility

  • LN24 / 2 months
  • 0
  • 3 min read

Government says restructuring will improve liquidity, reduce short-term repayment pressure, and support energy-sector reforms Nigeria’s federal government has approved the refinancing of a $4.5 billion oil-backed facility involving the Nigerian National Petroleum Company Limited (NNPC Ltd.), in a move aimed at easing near-term debt obligations and improving cash flow for the state-owned energy company. The […]