{"id":246509,"date":"2024-11-06T09:24:16","date_gmt":"2024-11-06T09:24:16","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/"},"modified":"2024-11-06T09:24:16","modified_gmt":"2024-11-06T09:24:16","slug":"vitol-and-trafigura-lead-oil-purchases","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/","title":{"rendered":"Vitol and Trafigura lead oil purchases"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/375\/37560792.295.jpg\" alt=\"Nigeria\u2019s Dangote Refinery\" title=\"Nigeria\u2019s Dangote Refinery\" width=\"295\" height=\"166\" \/> <span class=\"image_caption\"><span>Nigeria\u2019s Dangote Refinery<\/span><\/span><\/p>\n<\/div>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">Vitol Group, Trafigura Group and BP Plc are the dominant buyers of fuels from Nigeria\u2019s giant new Dangote oil refinery near Lagos that\u2019s reshaping petroleum trading in Africa and Europe.<\/p>\n<p>The trio have accounted for the vast majority of the plant\u2019s shipments since flows began ratcheting up around the middle of this year, according to data from Precise Intelligence, a new oil-and-gas trading analytics firm based in Geneva. <\/p>\n<p>Once it\u2019s fully up and running, Dangote should be able to process about 650,000 barrels a day of crude into products including gasoline and diesel. That will far exceed the fuelmaking capacity of any single plant in Europe or Africa, helping to reshape the regions\u2019 oil and fuel trading. The emergence of Dangote has already trimmed a glut of Nigerian crude.<\/p>\n<p>Since starting up, the refinery has loaded almost 6 million tons of fuel, Precise\u2019s data show. That\u2019s equivalent to almost 45 million barrels. Loading rates averaged about 35,000 tons a day in October, its data show.<\/p>\n<p>Dangote itself said late last month that the refinery had reached processing rates of about 420,000 barrels a day of crude. The plant is also selling into the Nigerian market. <\/p>\n<p>Vitol and Trafigura declined to comment. Dangote and BP didn\u2019t respond to requests to comment.<\/p>\n<p>The composition of fuel cargoes loading from Dangote is closely watched because it offers clues into where the refinery is at in terms of starting up different processing units. <\/p>\n<p>Precise\u2019s figures show that automotive gasoil \u2014 diesel \u2014 is the biggest cargo type being lifted, followed by fuel oil. Together, they account for more than 60% of what\u2019s being collected from the plant. Other fuels include gasoline and jet fuel.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria\u2019s Dangote Refinery Vitol Group, Trafigura Group and BP Plc are the dominant buyers of fuels from Nigeria\u2019s giant new Dangote oil refinery near Lagos that\u2019s reshaping petroleum trading in Africa and Europe. The trio have accounted for the vast majority of the plant\u2019s shipments since flows began ratcheting up around the middle of this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":230881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-246509","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vitol and Trafigura lead oil purchases - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vitol and Trafigura lead oil purchases - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Nigeria\u2019s Dangote Refinery Vitol Group, Trafigura Group and BP Plc are the dominant buyers of fuels from Nigeria\u2019s giant new Dangote oil refinery near Lagos that\u2019s reshaping petroleum trading in Africa and Europe. The trio have accounted for the vast majority of the plant\u2019s shipments since flows began ratcheting up around the middle of this [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-06T09:24:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/37560792.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"337\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Vitol and Trafigura lead oil purchases\",\"datePublished\":\"2024-11-06T09:24:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/\"},\"wordCount\":291,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/37560792.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/\",\"name\":\"Vitol and Trafigura lead oil purchases - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/37560792.jpg\",\"datePublished\":\"2024-11-06T09:24:16+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/37560792.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/37560792.jpg\",\"width\":600,\"height\":337},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/06\\\/vitol-and-trafigura-lead-oil-purchases\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Vitol and Trafigura lead oil purchases\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Vitol and Trafigura lead oil purchases - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/","og_locale":"en_US","og_type":"article","og_title":"Vitol and Trafigura lead oil purchases - Ghanamma.com","og_description":"Nigeria\u2019s Dangote Refinery Vitol Group, Trafigura Group and BP Plc are the dominant buyers of fuels from Nigeria\u2019s giant new Dangote oil refinery near Lagos that\u2019s reshaping petroleum trading in Africa and Europe. The trio have accounted for the vast majority of the plant\u2019s shipments since flows began ratcheting up around the middle of this [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/","og_site_name":"Ghanamma.com","article_published_time":"2024-11-06T09:24:16+00:00","og_image":[{"width":600,"height":337,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/37560792.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Vitol and Trafigura lead oil purchases","datePublished":"2024-11-06T09:24:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/"},"wordCount":291,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/37560792.jpg","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/","url":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/","name":"Vitol and Trafigura lead oil purchases - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/37560792.jpg","datePublished":"2024-11-06T09:24:16+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/37560792.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/37560792.jpg","width":600,"height":337},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/11\/06\/vitol-and-trafigura-lead-oil-purchases\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Vitol and Trafigura lead oil purchases"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/246509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=246509"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/246509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/230881"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=246509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=246509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=246509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}