The ?angote Oil Refinery is finally set to commence fuel production, as the first crude shipment arrives at the facility yesterday.
This was confirmed in a report by S&P Global, which stated that the massive OTIS tanker, carrying 950,000 barrels of Nigerias Agbami crude, set sail on December 6.
S&P Global added that the tanker is currently en route to Lekki, Lagos State, which is the nearest land port to ?angotes offshore crude receiving terminal.
It pointed out that the arrival of the first crude shipment at the mammoth $19 billion ?angote refinery marks a significant milestone for Nigerias oil industry.
The tanker is expected to arrive on December 7 around 8 p.m.; this shipment marks the initiation of crude supplies for the refinerys operations, the report reads.
According to a West African oil trader familiar with the matter, as quoted by S&P Global, the Suezmax tanker, chartered by the state-owned Nigerian National Petroleum Company Limited (NNPCL), symbolises the initial crude supply to ?angotes state-of-the-art refinery even as the magnificent edifice is set to begin fuel production.
