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OPEC says Dangote refinery’s diesel, jet fuel supplies to disrupt Europe’s oil & gas industry
Nasiru Yusuf Ibrahim
It is a big plus to Nigeria’s economy
The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil.
KANO FOCUS reports that OPEC in its newly released monthly Oil Market Report for June 2024 listed Dangote Refinery among the top Diesel and jet Fuel suppliers that will disrupt Europe’s oil & gas Industry, a development experts forecasted will positively impact the Nigerian economy.
It would be recalled that Standard & Poor Global quoting trading and the ship tracking sources had earlier predicted that Nigeria’s $20 billion Dangote refinery would shake up international crude flows when it reaches full capacity, having already made an impact since coming online in January, trading sources and ship tracking data show.
The OPEC report revealed that “Upside potential for higher production levels from Nigeria’s Dangote refinery, coupled with strong flows from the Middle East and new supplies from the Mexican Olmeca refinery, will likely exert pressure on NWE gasoil performance in the mid-term.”
It stated further “Europe is one of the world’s largest purchasers of refined petroleum products and relied on imports from Asia and the US after the European Union banned the use of Russian diesel in the bloc.
However, the 650,000bpd capacity refinery which is owned by the Africa’s richest man, Aliko Dangote, is eyeing the wider European market after International Oil Companies stopped supplying its crude oil.
Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin announced the company had earlier exported its first jet fuel cargo to Europe as it rapidly scales production.
The refinery is said to have exported 90 percent of its 3.5 billion litres of jet fuel and diesel to Europe over alleged lack of support from the Nigerian government.
“It is good to note that from the start of production, more than 3.5 billion litres, which represents 90 percent of our production, have been exported,” Edwin said
BP is currently transporting its first jet fuel cargo to Rotterdam from Dangote, after being awarded part of a 120,000 metric tonnes tender offered for the end of May, according to S&P Global.
OPEC stated that, “In June, the jet/kerosene crack spread in Rotterdam against Brent showed a slight decline, influenced by supply-side dynamics. Despite signs of improving air travel activities, subdued jet fuel demand from the aviation sector weighed on the product market
“Going forward, European jet/kerosene demand is expected to see upward pressure as consumption levels from the aviation sector continue to pick up in the coming months.”
S&P had noted that Dangote Refinery in its first six months, scaled to 400,000 b/d and delivered diesel, jet fuel, naphtha, and fuel oil to both domestic and export markets, with Gasoline, Nigeria’s primary fuel type, being expected to be produced from mid-August
Notwithstanding, the refinery has already affected crude flows, with dozens of Nigerian cargoes remaining in-country and US WTI Midland, a comparable light, sweet grade, being imported
The mega-refinery could therefore tighten the light, sweet crude market. “Its diet is WTI and the lighter Nigerian [crudes] so if you were chasing those barrels you’d probably feel it quite keenly,” a West African crude trader told Commodity Insights. “Once they get to 650,000 b/d without any WTI Midland, ‘severely disrupted’ [will be] the headline.”
WTI Midland crude initially emerged as the favored feedstock to supplement Nigerian supply, with the refinery signing long-term supply contracts for the US grade and noting its competitive pricing. Platyts, part of Commodity Insights, last assessed WTI Midland into Rotterdam at $82.36/b on July 31, while Nigeria’s Bonny Light was assessed at $82.80/b on the same day.
Crude flows in and out of the Dangote refinery have been felt in other markets, especially in Europe, the largest consumer of light, sweet Nigerian crude. The US grade has accounted for 30% of crude delivered to Dangote, through 18 cargoes
President of Dangote Group, Aliko Dangote said the facility would broaden its feedstock sources with Libyan, Angolan, and Brazilian crude.
“The refinery was built to use Nigerian crude and add value to it within Nigeria. Why should we deviate from that focus?” said Dangote, adding that the crude supply issues were “getting resolved”, but that the refinery remained open to all opportunities “to supplement it”.
“Dangote refinery is designed to process a range of light and medium grades of crude oil, including Nigerian grades,” said Rasool Barouni, Associate Director and head of Refining at S&P Global Commodity Insights. “Other similar grades including other WAF
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Gov. Yusuf appoints Dr. Aminu Magashi co-chair of Kano anti-drug abuse task force
Nasiru Yusuf Ibrahim
Kano State Governor, Alhaji Abba Kabir Yusuf, has appointed renowned public health expert, Dr. Aminu Garba Magashi, as Co-Chair of the Kano State Anti-Drug Abuse Task Force in a renewed effort to combat substance abuse and related social vices across the state.
KANO FOCUS reports that the appointment was announced in a statement issued on Monday by the Director-General, Media and Publicity, Government House, Kano, Sunusi Bature Dawakin Tofa.
According to the statement, the appointment underscores the administration’s commitment to strengthening collaboration with civil society organisations, public health professionals and other stakeholders in tackling the growing menace of drug abuse, particularly among young people.
Governor Yusuf also disclosed plans by the state government to establish a mobile court dedicated to the speedy prosecution of drug-related offences and other social crimes.
He said the initiative is aimed at ensuring swift justice, strengthening law enforcement and serving as a deterrent to offenders.
The governor expressed confidence that Dr. Magashi’s extensive experience in public health policy, social protection and community development would enhance the effectiveness of the task force and support the government’s efforts to build a safer, healthier and drug-free Kano.
Dr. Magashi is the President of the Africa Health Budget Network and a respected civil society advocate with decades of experience in healthcare, public policy and community development.
As part of efforts to strengthen the task force, Governor Yusuf also approved the inclusion of a representative of the Kano State Sharia Commission in its membership to ensure that its activities conform with Islamic guidance.
The state government said the latest measures form part of broader efforts to address drug abuse, improve public safety and protect communities from the social and economic consequences of substance abuse.
News
Gov. Yusuf tasks media on truthful reporting, patriotism
Nasiru Yusuf Ibrahim
Kano State Governor, Alhaji Abba Kabir Yusuf, has called on conventional and social media practitioners to promote factual reporting, patriotism and active citizen participation as part of efforts to deepen democracy and strengthen public trust.
KANO FOCUS reports that the governor made the call on Monday while declaring open the maiden Arewa Media Summit held at the Coronation Hall, Government House, Kano. The summit was organised by the Office of the Senior Special Assistant to the President on Media and Public Enlightenment in collaboration with the Kano State Government.
A statement issued by the Governor’s Chief Press Secretary, Mustapha Muhammad, quoted Governor Yusuf as saying that the media must remain committed to truth, bridge generational divides, amplify the voices of the people and encourage responsible civic engagement.
He described the theme of the summit, Government, Citizens’ Accord, Accountability, Responsibility and Ethical Media Practice, as timely, noting that it provides an opportunity to strengthen governance, accountability and public confidence through ethical journalism.
According to the governor, responsible journalism and access to credible information are critical to national development and the successful implementation of government policies and reforms.
Governor Yusuf said his administration has continued to support media development by protecting press freedom and creating an enabling environment for journalism to thrive.
He listed the establishment of Northern Nigeria’s first Online Media Chapel, sponsorship of information officers for registration with the Nigerian Institute of Public Relations (NIPR), and the registration of journalists with the Nigerian Society of Broadcasters (NSB) among the state’s achievements in advancing professional journalism.
The governor also commended the Minister of Information and National Orientation, Mohammed Idris, for strengthening information management across the country, and praised the Senior Special Assistant to the President on Media and Public Enlightenment, Abdulaziz Abdulaziz, for promoting professionalism and ethical journalism through the summit.
In his remarks, the Minister of Information and National Orientation said the future of Northern Nigeria depends not only on investments in infrastructure and agriculture but also on credible journalism, responsible communication and effective storytelling.
Also speaking, Abdulaziz Abdulaziz said the summit was organised to promote accuracy, fairness and professionalism in reporting government activities while strengthening the relationship between government, citizens and the media.
Delivering the vote of thanks, the Director-General, Media and Publicity, Government House, Kano, Sunusi Bature Dawakin Tofa, said Governor Yusuf’s sustained investment in the training and retraining of media practitioners has enhanced journalism practice in the state.
KANO FOCUS reports that the summit attracted the Deputy Governor of Kano State, Alhaji Murtala Sule Garo, ministers, lawmakers, academics, media professionals and participants from across Northern Nigeria.
News
Kano launches free 48-hour emergency treatment scheme for accident victims, other critical cases
Nasiru Yusuf Ibrahim
The Kano State Government has introduced a free emergency medical treatment programme that provides eligible patients with lifesaving care for the first 48 hours at designated hospitals across the state.
KANO FOCUS reports that the initiative, being implemented through the Kano State Emergency Medical Services and Ambulance System (KN-SEMSAS) under the Ministry of Health, is designed to ensure that victims of medical emergencies receive prompt treatment without financial barriers.
According to information released by the state government, the scheme covers children under the age of five, including newborns with emergency conditions, road traffic accident victims, gunshot injuries, snakebite cases, drowning incidents, fire-related injuries, building collapse victims, communal clash casualties and other weapon-related injuries.
The programme also includes obstetric and neonatal emergency referrals from Kano State’s 18 MAMII local government areas through the SaveMAMA referral system.
Under the initiative, emergency treatment is provided free of charge for the first 48 hours at accredited Emergency Medical Treatment Centres (EMTCs) across the state.
The government advised patients or their relatives to contact the KN-SEMSAS Emergency Call Centre before or immediately upon arrival at an accredited hospital to obtain an authorisation code, while stressing that emergency treatment should not be delayed while the code is being processed.
Residents were urged to use the national toll-free emergency line 112 or the state’s dedicated emergency numbers 09019999920 and 09049999914 to request ambulance services and access the programme.
The accredited hospitals participating in the scheme include Aminu Kano Teaching Hospital (AKTH), National Orthopaedic Hospital, Dala, Muhammad Abdullahi Wase Teaching Hospital (MAWTH), Murtala Muhammad Specialist Hospital, Sir Muhammad Sanusi Specialist Hospital, Sheikh Muhammad Jidda General Hospital, Waziri Shehu Gidado General Hospital, MDS Hospital, Zak Clinic, MGK Hospital and Khadijat Memorial Hospital.
The state government said the initiative forms part of ongoing efforts to strengthen emergency healthcare delivery and improve access to lifesaving medical services for residents.
It called on members of the public to take advantage of the programme and share information about the emergency treatment scheme to enable more residents to benefit from the free services.
