Business
White Dove’s Pioneering Efforts in Alternative Crude Evacuation, A Differentiating Factor – CEO
White Dove Shipping Company Limited has disclosed that its pioneering efforts in Alternative Crude Evacuation, which is mitigating crude theft and other losses arising from pipeline vandalism, has positioned it as the preferred local shipping operator for oil and gas companies in the country.
The company stated that despite the sector being capital intensive, it remained focused on its five-year strategic growth plan which would see it increase capacity from evacuating 50,000 bpd to 150,000 bpd.
Chiemezie Ejinima, the Chief Executive Officer of the company disclosed this in a virtual media chat with select maritime and energy reporters, where he stated that it intended to effectively cater to the crude evacuation needs of oil & gas players in the country.
He asserted that White Dove was able to create employment for Nigerians by seeing a subset of the shipping sector – crude evacuation – that wasn’t active and made it active, thus filling the gap in the value chain which was why it has over 90 percent local workers with plans to continue to grow the capacity of more local seafarers and maritime workers.
He said, “Our vessels are manned by Nigerians and we partner with the Nigeria Maritime Academy, Seafarers and other players to boost local expertise and capacity as we want to grow our local content to 100 percent in the nearest future’’.
He described the shipping sector as an important commercial sector, capable of employing thousands of Nigerians.
Ejinima explained that White Dove chose to focus on crude evacuation due to its huge economic potentials for the country, plus the need to make oil & gas companies get value for their investments, given that with the alternative crude evacuation, oil companies are assured of retaining their crude volumes from point of production to exportation.
“This will also boost the revenue accruable to the government as more royalties and taxes will be paid,” he added.
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According to him, the huge capital intensive nature of the sector, characterized by high acquisition and operating costs, remains one of the major reasons why foreign shipping companies still dominate, but as supportive banks, provide access to funding, more local players can begin to thrive in the sector.
‘’White Dove came on board as a one-stop-shop due to the gap noticed in the traditional evacuation of crude oil through pipelines. The age and accessibility of pipelines for crude transportation led to breaches and vandalism, thus creating the need for an alternative evacuation system through barges tankers and other vessels.
‘’We came in to ensure proper crude evacuation from the point of production to the point of export and our various vessels and transportation mode help to ensure that oil producers can be certain about the quantity of their products end-to-end’’ he added.
Business
NNPCL Reduces Fuel Price After Dangote Refinery’s Adjustment
The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price on Thursday, according to DAILY POST.
It was confirmed that NNPCL retail outlets in the Federal Capital Territory, Abuja, have reduced their pump price to N890 per litre from N945.
This new fuel price has been reflected in NNPCL retail outlets such as mega station Danziyal Plaza, Central Area, Wuse Zone 4, Wuse Zone 6, and other of its filling stations in the nation’s capital.
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The latest downward review of fuel price in NNPCL outlets represents an N55 reduction in fuel pump price.
“It was reduced to N890 per litre this afternoon, down from N945,” an NNPCL fuel attendant told DAILY POST anonymously on Thursday.
This comes a Nigerian filling station, MRS Empire Energy, on Thursday adjusted their fuel pump price to N885 and N946 per litre, down from N910 and N955 per litre.
The latest fuel price reduction trend is unconnected to Dangote Refinery’s ex-depot petrol price adjustment by N30 to N820 per litre from N850 and the price of crude oil in the international market.
Business
Dangote Refinery Reduces Fuel Price
Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly known as petrol, by N30, from N850 to N820 per litre, effective from August 12, 2025.
This was disclosed in a statement by the company’s spokesman, Anthony Chijiena, on Tuesday.
The 650,000-barrel-per-day plant said the move is part of its unwavering commitment to national development, assuring the public of a consistent and uninterrupted supply of petroleum products.
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“In line with our dedication to operational excellence and sustainable energy solutions, Dangote Petroleum Refinery will commence the phased deployment of 4,000 CNG-powered trucks for fuel distribution across Nigeria, effective August 15, 2025,” said Chijiena.
The announcement comes as the refinery prepares to commence direct fuel distribution nationwide. The development is expected to lead petroleum product marketers to reduce their pump prices in the coming days.
In Abuja, the retail fuel price stood between N885 and N970 per litre as of Tuesday evening.
Business
Indian Refiners Abandon Russia For Nigerian Crude, As Dangote Refinery Relies On US
India Refineries have abandoned Russian crude for Nigerian crude, while domestic refiner Dangote Refinery relies heavily on West Texas Intermediate crude from the United States of America.
This followed a recent sanction threat by US president Donald Trump on India over continued patronage of Russian crude.
According to Reuters, industry sources said that Indian Oil Corporation recently bought one million barrels of Nigeria’s Agbami crude for September 2025 delivery in a tender awarded to global trader Trafigura.
Also included are one million barrels of Angola Girassol, one million barrels of US Mars, three million barrels of Abu Dhabi Murban, and two million barrels of Nigerian oil, according to Reuters.
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The report noted that the purchase is part of a broader sourcing spree that has seen Indian refiners secure millions of barrels from non-Russian sources post July 2025.
Meanwhile, Indian refiners secured purchases of Nigerian crude grades; the $20bn Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, is relying on around 60 percent on US and other imoorts to feed its processing units.
Data showed that the refinery imported an average of 10 million barrels in July 2025, saying it was increasingly relying on the US for its feedstock despite the naira-for-crude deal with the Federal Government, which kicked off in October last year.
According to Reuters, the Indian Oil Corp and Bharat Petroleum have bought a million barrels of non-Russian crude billed for delivery in September and October after the US pressured India to halt purchases from Russia.
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Indian state refiners had been largely absent from the Nigerian crude market spotlight since 2022; they have in the past concentrated on Russian crude amid the Russian-Ukrainian war. However, the Indian refiners paused Russian purchases in late July 2025 after pressure from US President Donald Trump.
On the part of Dangote Refinery, data from commodities analytics firm Kpler showed that in July, US barrels accounted for about 60 percent of Dangote’s 590,000 barrels per day of crude intake, with Nigerian grades making up the remaining 40 percent.
In July, the Dangote refinery’s crude imports surged to a record 590 kbd—driven largely by US barrels overtaking Nigerian supply for the first time—amid ongoing domestic sourcing challenges, Kpler reports.
“While WTI has held a significant share in Dangote’s import slate since March, this is the first time US crude has overtaken Nigerian supply—a shift driven by several factors,” Kpler stated.
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