Close Menu
    Trending
    • ‘They paved way for me’ – Asisat Oshoala singles out three ex-Super Falcons players
    • LAFC close in on MLS-record deal for Son Heung-min
    • Earnings Optimism Triggers N4.32trn Equities Gain In 5 Days
    • Lagos warns event centres against traffic obstruction
    • Netanyahu asks Red Cross for help after ‘profound shock’ of Gaza hostage videos
    • 2027: Why Atiku/Obi ticket won’t work for ADC – Keyamo
    • 3,200 Boeing workers who build fighter jets are on strike, their union says
    • Trump says US envoy Witkoff to travel to Russia ‘next week’ | Russia-Ukraine war News
    Nigeria Newz
    • Home
    • Nigeria News
    • Nigeria Politics
    • Africa News
    • World News
    • US News
    • Nigeria Lifestyle
    • More
      • Nigeria Business
      • Nigeria Economy
      • Entertainment
      • Nollywood Movies
      • Relationship
      • Soccer
      • Sports
      • Travel News
    Nigeria Newz
    Home»Nigeria Business»New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations
    Nigeria Business

    New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

    NigeriaNewzBy NigeriaNewzAugust 2, 2025No Comments4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Dangote Group has appointed the previous head of Oman’s Duqm Refinery as the primary Chief Government Officer (CEO) of its petroleum and petrochemicals enterprise because it strives to beat manufacturing challenges and advance its subsequent wave of growth.

    Efficient from July 2025, David Chicken stepped in as CEO of the Dangote Group’s fuels and petrochemicals enterprise, which commissioned the world’s largest single-train refinery final yr.

    Chicken stated his focus at Dangote will contain advancing the group’s footprint past the Nigerian market and throughout the African continent.

    As CEO of the refining enterprise, he shall be liable for making certain most output and effectivity for the refinery, and goals to make the group a pacesetter within the international market, he stated in a LinkedIn replace.

    The appointment comes after a string of unit upsets and ‘design points’ which have stalled the ramp-up technique of the 650,000-b/d refinery, whereas its management has referred to as out a hostile enterprise atmosphere for difficult its operations.

    Because it was commissioned in January 2024, Dangote has rapidly grown its market share within the Nigerian gas sector, displacing massive volumes of gasoline imports that the nation as soon as relied on.

    Nevertheless, Aliko Dangote has railed in opposition to ‘rent-seeking’ commerce companions and substandard gas imports for placing pressure on the enterprise.

    In a earlier interview with Platts, Chicken emphasised a trading-led strategy to attain a aggressive edge within the refining sector, with a concentrate on excessive utilisation charges, effectivity and feedstock flexibility.

    His strategy aligns with a latest shift from the Dangote advanced to course of a wider vary of crude grades, partially spurred by restricted availability of the Nigerian oil it was designed to course of.

    Dangote Group founder, Aliko Dangote will keep on as chairman of the refining enterprise and CEO of the broader conglomerate, which can also be energetic in cement, fertilizers and sugar refining.

    The enterprise is anticipated to faucet Chicken’s expertise increasing the Duqm Refinery and diversifying its crude slate as CEO of OQ8, a task he adopted months earlier than the Omani advanced started its first take a look at runs in 2023.

    Nevertheless, the Nigerian refinery remains to be obliged to promote fastened volumes of its oil merchandise into the home crude market below a naira-based commerce settlement with the Nigerian Nationwide Petroleum Firm, a 7.2 per cent stakeholder within the enterprise.

    Because the Dangote Group eyes its subsequent wave of development, it plans to broaden the capability of the Lagos refinery to 700,000 b/d, construct out port infrastructure and set up overseas storage property in Namibia and different nations.

    In August, it’s set to roll out its personal distribution enterprise with a fleet of 4,000 CNG-powered vans.

    Dangote Group officers have additionally shared ambitions to listing the refining enterprise on the London and Lagos inventory exchanges, and Aliko Dangote reiterated plans to take the enterprise public July 22.

    After years of setbacks and funds challenges, the pace of the refinery’s ramp-up in 2024 caught many analysts without warning, and the advanced rapidly started exerting strain on international oil benchmarks because it started exporting its merchandise.

    But, regardless of starting take a look at runs on its fundamental gasoline outlet, the residue fluid catalytic cracker, in Q3 2024, the corporate has since suffered repeated outages on the unit in 2025, forcing it to depend on its lower-yield reformer and sacrifice output over prolonged intervals.

    Talking to Platts earlier in July, a Dangote government stated the RFCC was operating at 85%. He denied stories that the corporate will endure a deliberate turnaround on the unit in December.

    In accordance with S&P World Commodities at Sea knowledge, Nigeria exported some 220,000 b/d of petroleum merchandise in July 2025, when outages at NNPC services made Dangote the nation’s solely energetic refiner.

    The advanced exported 30,000 b/d of residual gas, a refining byproduct which might usually be stored on website for additional processing within the RFCC below regular operations.

    Exports proceed to be dominated by jet gas, which accounted for 45 per cent of whole shipments, and gasoil with a 24 per cent share.



    We’ve bought the sting. Get real-time stories, breaking scoops, and unique angles delivered straight to your cellphone. Don’t accept stale information. Be part of LEADERSHIP NEWS on WhatsApp for twenty-four/7 updates →



    Join Our WhatsApp Channel







    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    NigeriaNewz
    • Website

    Related Posts

    Earnings Optimism Triggers N4.32trn Equities Gain In 5 Days

    August 4, 2025

    NCC Set To Introduce Stiffer Sanctions Against Errant ICT Operators

    August 4, 2025

    Shippers’ Council Seeks Abia Govt. Support On Isiala Ngwa Inland Dry Port Revival

    August 4, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Economy News

    Mohbad: Samklef fires back at VeryDarkMan, denies sabotage allegations

    By NigeriaNewzJuly 26, 2025

    Nigerian music producer Samuel Oguachuba, higher referred to as Samklef, has denied VeryDarkMan’s claims of…

    Transfer: Arsenal to sanction three players’ exit as Man City confirm deal for Perrone

    July 18, 2025

    ‘Our party structure intact’ – Lagos PDP claims following defection of members

    June 11, 2025

    US says sanctions hit Iran ‘shipping empire’ linked to top Tehran official | International Trade News

    July 31, 2025

    Zohran Mamdani’s New York primary win sparks the ire of Modi’s supporters | Human Rights News

    July 4, 2025
    Categories
    • Africa News
    • Entertainment
    • Nigeria Business
    • Nigeria Economy
    • Nigeria Lifestyle
    • Nigeria News
    • Nigeria Politics
    • Nollywood Movies
    • Relationship
    • Soccer
    • Sports
    • Travel News
    • US News
    • World News
    About us

    Welcome to Nigerianewz.com — your trusted source for the latest and most comprehensive news about Nigeria, Africa, and the world.

    At Nigerianewz.com, we are passionate about keeping you informed with up-to-date, accurate, and insightful news coverage across a wide range of topics that matter to you. Whether you want to catch up on Nigeria Politics, get breaking Africa News, or stay updated on global happenings through our US News and World News sections, we’ve got you covered.

    Our mission is to connect you with authentic stories, powerful voices, and engaging content that reflects the dynamism of Nigeria and the broader African continent. Nigerianewz.com is designed to be your go-to platform for everything happening at home and around the globe.

    Thank you for choosing Nigerianewz.com — where news lives, breathes, and speaks to you.

    Recent Posts

    2027: Worst of defection yet to hit PDP -Saraki

    June 28, 2025

    June TalkExchange Poll 2025: Where Do You Stand on Security, Floods, and Food?

    June 24, 2025

    Major concern for New York Yankees after superstar slugger undergoes MRI on elbow problem

    July 27, 2025

    Indonesia has 44 million youths. It’s struggling to get them jobs | Business and Economy News

    July 18, 2025

    How to Get Water Out of Your Ear: Safe Removal & Prevention Tips

    July 31, 2025
    Categories
    • Africa News
    • Entertainment
    • Nigeria Business
    • Nigeria Economy
    • Nigeria Lifestyle
    • Nigeria News
    • Nigeria Politics
    • Nollywood Movies
    • Relationship
    • Soccer
    • Sports
    • Travel News
    • US News
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Nigerianewz.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.