Dangote oil refinery issues tender to sell fuel oil, document summary shows

March 25, 2025

Nigeria’s Dangote oil refinery issued a tender on Tuesday to sell 128,000 metric tons of residual fuel oil in April, according to a summary of the tender document shared by a market source.

The 650,000 barrel per day (bpd) Dangote refinery will close the tender on Wednesday at 1200 GMT, as it seeks buyers for 88,000 tons of low sulphur straight run fuel oil and 40,000 tons of slurry oil for loading on April 10-12, the summary showed.

BP activist investor Follow This plans to call for a vote against Chair Helge Lund’s reappointment at its April 17th shareholder meeting.

The refinery did not immediately respond to a request for comment.

Dangote will shut its 204,000 barrel-per-day gasoline-making unit for 30 days for maintenance tentatively expected to start on June 1, according to industry monitor IIR.

Straight run fuel oil is a feedstock processed through secondary refining units and turned into products like gasoline and diesel.

Dangote’s fuel oil exports averaged 75,000 bpd over the period from March to August 2024, but dropped to 20,000 bpd from September, according to shipping data analytics firm Kpler, when its gasoline-making residue fluidized catalytic cracking unit started production.

REUTERS