• LOGIN
  • WEBMAIL
  • CONTACT US
Wednesday, May 20, 2026
21st CENTURY CHRONICLE
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
    • FACT CHECK
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • OUR STAND
  • COLUMNS
  • OTHERS
    • BLAST FROM THE PAST
    • ON THE HOT BURNER
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • BAZOOKA JOE
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
    • INSURGENCY
    • CRIME
No Result
View All Result
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
    • FACT CHECK
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • OUR STAND
  • COLUMNS
  • OTHERS
    • BLAST FROM THE PAST
    • ON THE HOT BURNER
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • BAZOOKA JOE
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
    • INSURGENCY
    • CRIME
No Result
View All Result
21st Century Chronicle
No Result
View All Result
Your ads here Your ads here Your ads here
ADVERTISEMENT

Dangote Refinery to begin crude oil production

by Catherine Agbo
April 21, 2026
in Business Scene
0
Naira-for-crude: Dangote refinery to get 400,000 barrels of crude daily
Share on FacebookShare on TwitterShare on TelegramShare on WhatsApp

The Dangote Group says it has achieved its first oil from its upstream assets and is preparing to begin marketable crude production in the coming weeks.

Vice-president of the Dangote Group, Devakumar Edwin, who disclosed this in an interview with Platts, part of S&P Global Energy, said early testing has commenced on crude from its Niger Delta licences.

READ ALSO

CBN offers N650 billion in new Treasury Bills auction

Tax harmonisation: 15 states have enacted necessary laws – FG

He said the company has already begun standard well testing and is preparing to scale up output, adding that this should be completed in the next three to four weeks.

“After that point, oil can start to be pumped in larger volumes, and the company can begin work on drilling new wells,” Devakumar stated.

Also speaking, the CEO of Dangote’s upstream joint venture West African E&P, Olajumoke Ajayi, said the Dangote-backed upstream project is currently producing about 4,500 barrels per day (bpd) from the Kalaekule field on oil mining lease (OML) 72, following its long-awaited start-up in December 2025.

Ajayi said output is expected to ramp up to 15,000 bpd within the next month.

On his part, David Bird, the chief executive officer (CEO) of the Dangote refinery, said the upstream assets could provide a more stable crude supply for the refinery.

“Alongside its upstream interests, the company is seeking to establish its own shipping presence to help reduce logistics costs and improve the reliability of its crude sourcing,” Bird said.

“Combined with WAEP’s indigenous production, Dangote-owned vessels could offer the refinery a fully integrated and attractive source of stable crude supply.”

He said the refinery will take delivery of the crude “if it makes sense”, noting that the company’s joint venture partners will be eager to realise maximum value for the barrels produced.

Dangote is said to hold an 85 percent stake in the upstream business, also known as WAEP, which in turn holds a 45 percent working interest in two oil licences — OML 71 and 72.

The balance is held by the Nigerian National Petroleum Company (NNPC) Limited, while WAEP’s minority stakeholder, First E&P, operates the assets.

Related Posts

Treasury Bill Yields record marginal fall

CBN offers N650 billion in new Treasury Bills auction

May 19, 2026
FG debunks hidden spending claims, clarifies World Bank report

Tax harmonisation: 15 states have enacted necessary laws – FG

May 19, 2026
Equities market gains N516 billion

Equities, commodities trades to settle in one day from June 1 – SEC

May 19, 2026
AEDC backtracks on tariff increase 

Electricity: Lagos plans to remove band classification of customers

May 19, 2026
FG debunks hidden spending claims, clarifies World Bank report

FG unveils Tax Ombud case portal, call centre

May 19, 2026
Nigeria’s FX reserves gain $262 million in three weeks

FX inflows hit $112bn in 12 months – Report

May 19, 2026
No Result
View All Result

Recent Posts

  • Primary election: Turaki-led PDP waives screening for Jonathan
  • Pantami withdraws from Gombe APC guber primary, cites ‘violation of electoral process’
  • My people tried to set me against Tinubu – Shettima
  • CBN offers N650 billion in new Treasury Bills auction
  • Gowon’s autobiography: Danjuma, Dangote, BUA donate N3.525 billion

Archives

  • May 2026
  • April 2026
  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021

Categories

  • A Nigerian elder reflects
  • Agriculture
  • Analysis
  • Around Nigeria
  • Arts
  • Automobile
  • Aviation
  • Banking
  • Bazooka Joe
  • Blast from the past
  • Bollywood
  • Books
  • Breaking News
  • Business Scene
  • Capital Market
  • Cartoons
  • Chronicle Roundtable
  • Column
  • Crime
  • Culture
  • Defence
  • Development
  • Diplomacy
  • Economy
  • Education
  • Entertainment
  • Environment
  • Exclusive
  • Extra
  • Fact Check
  • Features
  • Figure of the day
  • Finance
  • For the record
  • Fragments
  • Gender
  • Health
  • Housing
  • Human rights
  • Humanitarian
  • ICT
  • Infographics
  • Insecurity
  • Insurance
  • Insurgency
  • Interesting
  • Interviews
  • Investigations
  • Judiciary
  • Kannywood
  • Labour
  • Lead of the Day
  • Legal
  • Letters
  • Lifestyle
  • Literature
  • Live Updates
  • Manufacturing
  • Maritime
  • Media
  • Metro News
  • Mining
  • My honest feeling
  • National News
  • National news
  • News
  • News International
  • Nollywood
  • Obituaries
  • Oil and Gas
  • On the hot burner
  • On the one hand
  • On The One Hand
  • Opinion
  • Our Stand
  • Pension
  • People, Politics & Policy
  • Philosofaith
  • Photos of the day
  • Politics
  • Power
  • Press
  • Profile
  • Property
  • Quote of the day
  • Railway
  • Religion
  • Rights
  • Science
  • Security
  • Special Report
  • Sports
  • Technology
  • Telecommunication
  • The Plumb Line
  • The way I see it
  • The write might
  • This queer world
  • Tourism
  • Transport
  • Tributes
  • Uncategorized
  • Video
  • View from the gallery
  • Women

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • PRIVACY POLICY
  • CONTACT US
  • ABOUT US

© 2020 21st Century Chronicle

No Result
View All Result
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
    • FACT CHECK
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • OUR STAND
  • COLUMNS
  • OTHERS
    • BLAST FROM THE PAST
    • ON THE HOT BURNER
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • BAZOOKA JOE
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
    • INSURGENCY
    • CRIME

© 2020 21st Century Chronicle

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.