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Aliko Dangote Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators had continued to register with the plant. It was further gathered that officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority were meeting with the management of the refinery to perfect the pricing template for products produced by the facility. On January 12, 2023, the Dangote Petroleum Refinery announced the commencement of production of Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel. The President, Dangote Group, Aliko Dangote, had in a statement issued by the firm, said, “We have started the production of diesel and aviation fuel, and the products will be in the market within this mon

Iran fires missiles at US troop bases in Iraq






AFP/File / Ahmad AL-RUBAYE


Iraqi soldiers are pictured in 2014 at Al-Asad air base, which was attacked in the first act of the Islamic republic's promised revenge for the US killing of a top Iranian general


Iran fired missiles Wednesday at Iraqi bases housing the US military, officials in Washington and Tehran said, in the first act of the Islamic republic's promised revenge for the US killing of a top Iranian general.


The Pentagon said it was still "working on initial battle damage assessments" after "Iran launched more than a dozen ballistic missiles against US military and coalition forces in Iraq."


"It is clear that these missiles were launched from Iran and targeted at least two Iraqi military bases hosting US military and coalition personnel" at Ain al-Asad and Arbil, the Pentagon said.


There were no immediate reports on casualties. The Pentagon said the facilities had been on "high alert" after days of steadily mounting tension and exchanges of threats of war.


Trump, who visited al-Asad with First Lady Melania Trump in December 2018, his first trip to US troops deployed in a war zone, said initial casualty assessments indicated "all is well."




AFP / Gal ROMA


Military escalation


He tweeted that "assessment of casualties & damages taking place now. So far, so good!"


Iranian state television reported an attack on one base housing US personnel, saying it was in response to Friday's killing in a US drone strike of Iranian general Qasem Soleimani, one of the most important figures in the country's government.


Also killed was a top Iraqi commander Abu Mahdi al-Muhandis, who was with Soleimani just outside Baghdad international airport when the US drone overhead opened fire.


The Iranian Revolutionary Guards announced that the Ain al-Asad base was hit with dozens of missiles, warning a US counter-attack would be met with an even "more crushing response" and threatening to strike Israel and America's "allied governments."


"We advise the American people to recall US troops (deployed in the) region in order to avoid further losses and not to allow the lives of its soldiers to be further threatened by the ever-growing hatred of the regime," the IGRC said in a statement.


But Iran's Foreign Minister Mohammad Javad Zarif seemed to indicate that the missile strikes were over for now.


"Iran took and concluded proportionate measures in self-defence" targeting a base from which a "cowardly armed attack against our citizens and senior officials" was launched, he said on Twitter.


- Major escalation -


The brazenness of the strike was highly unusual for Iran, which has tended to disguise attacks on US interests or troops through the use of proxy Shiite forces. This time, conventional, rather than guerrilla-style weapons were used and responsibility was rapidly claimed.




AFP / Hussein FALEH


A man holds a banner in Arabic calling for revenge as the body of Abu Mahdi al-Muhandis, the slain chief of Hashed al-Shaabi, an Iraqi paramilitary force with close ties to Iran, arrives in the southern city of Basra


"It is a major escalation. Ballistic missiles openly launched from Iran onto American targets is a new phase," said Phillip Smyth, an expert on Shiite militias.


Trump did not go on evening television to address the nation -- something of an informal presidential tradition in times of foreign policy crises. But he said to expect a statement early Wednesday.


Oil prices immediately jumped on the news, with the benchmark WTI spiking more than 4.5 percent to $65.54 a barrel before receding slightly.


In the US, the aviation regulator banned civil flights over Iraq, Iran and the Gulf, citing the potential for "misidentification" of aircraft.

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