Skip to content

Gossip News

All gossip news and events

Konga Advert
Menu
  • Home
  • Business & Economy
  • Local News
  • Politics
  • World News
  • Privacy Policy
Menu
Aliko Dangote

Dangote Refinery says crude inflow reduction driven by high prices, not faults

Posted on October 17, 2025 by Admin

October 17, 2025

Nigeria’s Dangote Refinery said on Friday that recent reductions in crude oil inflows were a strategic response to elevated global prices, not the result of operational failures.

The company made the comments during a media tour aimed at addressing concerns over crude volumes and potential outages at the facility.

Edwin Devakumar, vice president of Dangote Industries, said the refinery was adjusting crude purchases based on price fluctuations and inventory levels.

The 650,000-barrel-per-day refinery, built by billionaire Aliko Dangote, has undergone several rounds of maintenance this year, leading to reduced crude demand.

See also  Nigeria imposes 15% import duty on petrol, diesel to support local refiners

“No factory runs at 100% every day without issues,” Devakumar said. “What matters is whether any problem affects final production.”

He said the refinery, which began operations earlier this year, is designed for turnaround maintenance every five years, unlike older facilities that require more frequent shutdowns.

However, Reuters has recorded four separate shutdowns of the refinery’s gasoline unit this year for maintenance — an unusual frequency for a plant of its age.

The company has typically declined to comment on its maintenance schedule.

See also  The boundaries of trade unionism, by Monday Philips Ekpe

Addressing recent staff dismissals, Devakumar said the company had documented 22 sabotage attempts, including efforts to start fires and tamper with equipment.

He said the refinery’s fire protection and automated control systems prevented damage.

“There were attempted fire incidents — we have the dates and units documented,” he said. “Some tried to break down instruments, but the system overruled them.”

Sabotage is rare among local refineries, according to the Crude Oil Refinery Owners Association of Nigeria, a trade group representing domestic refiners. Nigeria’s state-owned refineries remain mothballed due to years of corruption and neglect.

See also  Fidelity Bank bullish with ₦748.7 billion profit for  H1 2025

REUTERS

Related Posts

  • FG, PENGASSAN, Dangote reach truce over refinery dispute

    The Federal Government on Tuesday brokered a truce between the Petroleum and Natural Gas Senior…

  • PENGASSAN
    PENGASSAN orders nationwide strike over sack of Dangote Refinery workers

    Sept. 28, 2025 The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has…

  • Aliko Dangote
    Mass sack at Dangote Refinery over sabotage, safety concerns

    Sept. 26, 2025 Dangote Petroleum Refinery and Petrochemicals has dismissed several members of staff in…

ADVERTISEMENT

NCC Advert

Tinubu Advert

Advert

Recent Posts

  • Alleged Emefiele’s $4.5bn Fraud : Court Adjourns Forensic Inspection of Exhibit to January 2026
  • FG closes 41 Unity Colleges over insecurity
  • Education district IV hosts Duke of Edinburgh, Prince Edward
  • Tinubu, Oborevwori and Delta security, by Ray Umukoro
  • Reps resume hearing on alleged N1.2trn agric intervention fund misappropriation

Categories

  • Home
  • Business & Economy
  • Local News
  • Politics
  • World News
  • Privacy Policy

ADVERTISEMENT

Recent Posts

  • Alleged Emefiele’s $4.5bn Fraud : Court Adjourns Forensic Inspection of Exhibit to January 2026 November 22, 2025
  • FG closes 41 Unity Colleges over insecurity November 22, 2025
  • Education district IV hosts Duke of Edinburgh, Prince Edward November 22, 2025
  • Tinubu, Oborevwori and Delta security, by Ray Umukoro November 20, 2025
©2025 Gossip News

...
►
Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.
None
►
Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.
None
►
Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.
None
►
Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.
None
►
Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
None