Million barrel crude cargo for Dangote

Nigeria's new US$19 billion Dangote oil refinery has received 1 million barrels of oil from state-owned oil company NNPC Ltd, its second crude cargo this month, as it steps up preparations to begin operations, a Dangote spokesperson said. Another 3 million barrels were expected before month end. The refinery is years behind schedule but its operations are expected to turn Africa's largest oil producer into a net exporter of fuels, a long-sought goal for the OPEC member that almost totally relies on imports. Nigeria's OPEC oil quota for next year is 1.5 million barrels per day (bpd) but the government says it plans to produce 1.8 million bpd to ensure supplies to the Dangote plant and state-owned refineries that are being upgraded. Photo Reuters