Skip to content
September 6, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Dangote Refinery says crude inflow reduction driven by high prices, not faults
  • Business & Economy

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

Admin October 17, 2025
Aliko Dangote

Dangote and his refinery...

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.

“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.

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.

REUTERS

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Dangote refinery Edwin Devakumar

Post navigation

Previous NCS intercepts 2 diverted fuel tankers in Sokoto
Next NDPC unveils Yoruba version of NDPC Act in partnership with Meta

Related Stories

Atiku, Tinubu, subsidy removal and Azu Ishiekwene’s Devilnomics, by Tony Eluemunor
  • Business & Economy

Atiku, Tinubu, subsidy removal and Azu Ishiekwene’s Devilnomics, by Tony Eluemunor

September 6, 2026
Auditor-General queries N33.75bn in cash transfers in 2023, no sufficient evidence showing true beneficiaries New naira notes
  • Business & Economy

Auditor-General queries N33.75bn in cash transfers in 2023, no sufficient evidence showing true beneficiaries

September 6, 2026
CBN Mopping Operations Drain Banking System Liquidity to N3.66 Trillion
  • Business & Economy

CBN Mopping Operations Drain Banking System Liquidity to N3.66 Trillion

September 4, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Troops ​‌‌‌⁠‍‍⁠⁠‌‍‌⁠‍‍​‍‍‌​foil terrorists’ attack, recover arms in Sokoto Troops
  • National News

Troops ​‌‌‌⁠‍‍⁠⁠‌‍‌⁠‍‍​‍‍‌​foil terrorists’ attack, recover arms in Sokoto

September 6, 2026
Atiku, Tinubu, subsidy removal and Azu Ishiekwene’s Devilnomics, by Tony Eluemunor
  • Business & Economy

Atiku, Tinubu, subsidy removal and Azu Ishiekwene’s Devilnomics, by Tony Eluemunor

September 6, 2026
Cookies and gummies infused with cannabis intercepted at Lagos port by NDLEA
  • Crime and Justice

Cookies and gummies infused with cannabis intercepted at Lagos port by NDLEA

September 6, 2026
NDLEA arrests ex-convict posing as herbal tea merchant; intercepts cocaine consignment heading to Saudi Arabia
  • Crime and Justice

NDLEA arrests ex-convict posing as herbal tea merchant; intercepts cocaine consignment heading to Saudi Arabia

September 6, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.