NewStats: 3,265,515 , 8,187,049 topics. Date: Sunday, 15 June 2025 at 01:20 PM 1e6n1j

The PH Refinery ships its first export of petroleum products to Dubai.
The company is expected to load the cargo in the coming days onboard the Wonder Star MR1 ship, signalling the commencement of operations at the plant and the exportation of petroleum products.

The ship will load 15,000 metric tons of the product, which translates to about 13.6 million litres.

Although the volume coming from the NNPC into the global market is still small, the development has the potential to impact the Very Low Sulphur Fuel Oil (VLSFO) benchmarks in the future while changing the market realities for Atlantic Basin exporters into Nigeria and other regions.

The sulfur content of the export by NNPC stands at 0.26 per cent per wt and a 0.918 g/ml density at 15°C, according to Kpler, a data and analysis company.

The cargo was reportedly sold at an $8.50/t discount to the NWE 0.5 per cent benchmark on a Free on Board (FOB) basis.

Kpler reported that the development would help displace imports from traditional suppliers in Africa and Europe, as Nigeria’s falling clean product (P) imports are already decreasing, dragging imports into the wider West Africa region lower as well.

https://guardian.ng/energy/nnpc-begins-export-from-ph-refinery-as-dubai-firm-buys-first-cargo/

We don't even have enough for local consumption to drive the price down yet they are exporting.
Who do us this thing sef.

Why they've not started to sell kerosene is what I am worried about.
The PH Refinery has the capacity to produce 900,000 litres of kerosene daily but could not sell it at the Filling Stations.

No be only Dubai na Rubai too..

It's utterly absurd to believe that the demonic APC government would export petrol to Dubai, of all places. This claim reeks of deception and suggests that the government views Nigerians as fools and gullible. Apparently, they assume we'll swallow this falsehood whole, much like their devoted brainless ers who act like zombie. However, the majority of Nigerians are discerning and won't be taken in by such blatant lies.

This my country is indeed a comedy central and a crime scene.

The clowns in power have zero rating for us, indeed.

Chai...

Y'all will soon hear the true story about the Port Harcourt refinery coded privatisation and how it had been handed over to Indians/Lebanese to be run in proxy by the oles in power...

President Tinubu is the best man for the job.

UAE is an oil producing country. I'm sure they refine their oil.

Tinubu's istration and misplaced priority.
Abeg this thread should not increase my anger this afternoon

Na na na na

May the export favour us and our families

At least if the local sale no favour us, make export favour us

We can't lose both ways na

But wait o, fuel today in UAE is 2.61 dirham which is roughly N1140 at present rate and it's even super 98

Meanwhile fuel is sold here at 1060-1200

By the time you factor in the landing cost, how will NNPCL make a profit from this transaction?

Charity should begin at home please.

Comedy central.

Funny people

Dubai UAE : the land of crude oil and petroleum?

Na dem go loot the money by themselves,,
e sure us.

This sounds like selling snow to Eskimos.

Btw,
On the list of Oil-producing countries in the world 🌎,
UAE is at number 6 while Nigeria is at number 14 ....

Lies

They should export to whereve and bring in Dollars

Why am finding this new hard to believe?? Maybe because of conflicting news coming out from that refinery. BTW who can explain to me in simple tense why dollar is falling

We wey dey sell oil give Dubai nor get road, whereas na the same oil dem take turn their country to paradise.

For comedy text....

Bastards

Them no Dey hide pregnancy
Propaganda too much na

🤣🤣🤣🤣

Nawao. I don't understand

For country wey get oil.... This country na real joke, another scam story

This is very Hilarious
United Arab Emirates.. one of the largest oil producers importing refined petroleum products from Nigeria.. while same Nigeria, also a major oil producer just recently imported 2.3b litres of petroleum products according to latest news.

If the matter clear you, pls help a confused bro

🤗

HAAAAA! NNPCCCCCC! Shey you want to kill the children of anger, hate and bitterness ni? You know that any good news in Nigeria gives them mass heart attack.

Anything that the god of Politics cannot do, no human or spirit can do it. This is the man who has no single record of failure or abandoned project.

All hail the JAGABAN

Ssss.... Nigeria can get better.🇳🇬

👀

Lol… I believe this one because it doesn’t favour the citizens, Nigeria right from time immemorial always give what her citizens doesn’t enjoy…

We have a lot of these characters especially within extended families, you will hear that your aunt or uncle is building a community project or making donations in public functions but he or she turned your request for help down, on the pretense that things are difficult now, but they try to appear nice and like a saint in the eyes of the public

🤣🤣😂😂 Which Kind Joke be this ? Wetin Dubai wan use our Petrol ⛽️ do 🤣🤣😂

Not true

Use Nigerians money to repair refinery then export the product to Dubai.

They money goes into NNPC revenue which is indirectly a government bag for access to those in government.

While Nigerians continue to buy petrol at international rate.

No single benefits or advantage of having these refineries fixed for the citizens.
No price reduction for fuel.
Why repair it in the first place?

We are exporting fuel to Dubai and yet another report stated that despite the two refineries in the country, Nigeria is still importing billions of litters of fuel into the country. The story " get K-leg"