Dangote Refinery Ready To Begin Production As Crude Supply Hits 6m Barrels

January 9, 2024
Kaduna Refinery: The Role Of Local Refining In Nigeria's Fuel Economy

The Dangote Petroleum Refinery has marked a milestone as it announced the reception of its final shipment, totaling six million barrels of crude oil, essential for commencing its operations.

Managing Director of Dangote Ports Operations, Akin Omole, confirmed the refinery’s preparedness, stating that “Once the six million barrels are fully delivered, it will facilitate the initial run of the refinery.”

Join our WhatsApp Channel

The company stated in a statement that the delivery of the latest one million barrels of Agbami crude oil through MT ALMI SUN marked the completion of the scheduled consignment.

The refinery is set to begin production, starting with diesel, aviation fuel, and Liquefied Petroleum Gas (LPG), before moving on to Premium Motor Spirit.

READ ALSO: IPMAN Seeks Dangote Refinery’s Partnership For Direct Product Allocation, Eases Concerns Over Petrol Stability

“This development is a crucial step in addressing the persistent fuel supply challenges faced not only by Nigeria but also by other West African countries,” stated the refinery’s spokesperson.

Designed to process Nigerian crude entirely and adaptable to other types, the 650,000 barrels per day refinery aims to alleviate the nation’s fuel needs and possess surpluses for exportation.

The refinery boasts the capability to meet Nigeria’s entire demand for gasoline, diesel, kerosene, and aviation jet fuel.

The commencement of operations at the Dangote Petroleum Refinery promises to be a game-changer in the region’s energy landscape, providing a sustainable solution to fuel shortages while positioning Nigeria as a key exporter of refined petroleum products.

This development signifies a momentous leap in the energy sector and could potentially have far-reaching implications for Nigeria’s economic prospects.

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

NO Cash In ATMs: CBN Slams N1.35bn On 9 Banks
Previous Story

Naira Scarcity: ATM Usage Drops To 40% With Surge In Online Banking – KPMG

Moffi
Next Story

Injury Rules Out Victor Boniface From 2023 AFCON, Replaced By Moffi

Featured Stories

Latest from Business

FCCPC Clarifies One-Month Moratorium On Exploitative Pricing Amid Economic Challenges

FCCPC Flags Possible Airline Price-Fixing During 2025 Christmas Season

Nigeria’s consumer protection agency has uncovered evidence suggesting some domestic airlines may have engaged in price fixing during the 2025 Christmas travel rush. In an interim report released Thursday, the Federal Competition and Consumer Protection Commission (FCCPC) said ticket fares during December
Valuation Of Nigerian Stock Market Drops By Over N514bn

Valuation Of Nigerian Stock Market Drops By Over N514bn

On Thursday, February 26, over N514.99 billion was wiped off the market capitalisation of the Nigerian Exchange (NGX), also known as the stock market. The market capitalisation fell to N124.23 trillion, from the N124.75 trillion recorded on Wednesday, February 25.Join our WhatsApp
NO Cash In ATMs: CBN Slams N1.35bn On 9 Banks
Previous Story

Naira Scarcity: ATM Usage Drops To 40% With Surge In Online Banking – KPMG

Moffi
Next Story

Injury Rules Out Victor Boniface From 2023 AFCON, Replaced By Moffi

Don't Miss

The President, Bola Tinubu fklanked on the right by Olisah etuh and on the left by Pius Anyim

Pius Anyim Explains Visit To Tinubu At Aso Rock

Erstwhile President of the Senate, Pius Anyim, has explained his

Former Nigeria’s Interim President Shonekan Dies At 85

Former Nigeria’s interim President Chief Ernest Shonekan who headed the