Dangote Group plans to commence crude oil production at two blocks before the end of this year to solve the crude supply woes its refinery has been facing.
Dangote, according to S&P Global Commodity Insights, a respected provider of energy and commodities information, is already in the market for a Floating Production Storage and Offloading vessel with a capacity of 650,000 barrels of crude.
The crude will come from the Kalaekule and Koronama oilfields, just 22 km from the onshore Bonny terminal.
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