On March 25, Nigeria’s Dangote Oil Refinery issued a tender to sell 128,000 metric tons of residual fuel oil for delivery in April, according to a tender summary shared by a market source.
The 650,000 barrel-per-day (bpd) refinery is seeking buyers for 88,000 tons of low-sulfur straight run fuel oil and 40,000 tons of slurry oil. The tender will close on Wednesday at 1200 GMT, with the fuel to be loaded between April 10 and 12. Dangote has not yet responded to a request for comment on the tender.
Additionally, the refinery plans to shut down its gasoline-making unit, which has a capacity of 204,000 bpd, for 30 days of maintenance starting around June 1, according to industry monitor IIR.
Straight run fuel oil is a type of feedstock processed in secondary refining units to produce products such as gasoline and diesel.
Dangote’s fuel oil exports averaged 75,000 bpd from March to August 2024 but dropped to 20,000 bpd starting in September when its gasoline-making residue fluidized catalytic cracking unit began production, according to data from shipping analytics firm Kpler.