SiteLock
Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Dangote Refinery Kicks Off Crude Oil Refining, Paving Way For Nigeria’s Energy Independence

10 months ago
1 min read

In the early hours of Friday, the Dangote Refinery, situated in Lekki, Lagos Nigeria, commenced operations following the successful delivery of six million barrels of crude supply in batches since December 2023.

Expressing his enthusiasm, Mr. Aliko Dangote, President of Dangote Group, stated during the first consignment reception, “We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects.”

Join our WhatsApp Channel

READ ALSO: Dangote Refinery To Receive Fresh 4 Crude Oil Cargoes From NNPC In February

Designed to process 650,000 barrels per day of 100% Nigerian crude, the refinery holds the promise of steering Africa’s largest oil producer toward self-sufficiency in petroleum products and reducing foreign exchange expenditure on imports.

With the capacity to meet 100% of Nigeria’s refined product requirements and the flexibility to process various crude grades, including those from Africa, the Middle East, and the US, the Dangote Refinery stands poised as a game-changer for Nigeria’s economy.

Dangote added, “Our focus over the coming months is to ramp up the refinery to its full capacity. I look forward to the next significant milestone when we deliver the first batch of products to the Nigerian market.”

The refinery, compliant with global emission norms, boasts self-sufficient marine facilities, truck-loading gantries, and a strategic location 25 kilometers from the shore.

Its impact is expected to extend beyond national borders with the surplus production of gasoline, diesel, kerosene, and aviation jet for export.

content

Emmanuel Ochayi
+ posts


MOST READ

Follow Us

Latest from Business

Why Inflation Is Rising Rapidly In Nigeria

Why Inflation Is Rising Rapidly In Nigeria

Inflation in Nigeria: An Alarming Trend Inflation in Nigeria has reached a staggering 33.88% in October, rising from 32.7% the previous month. This sharp increase, driven by factors like currency depreciation, escalating

Don't Miss

Dangote Refinery To Supply 150,000 IPMAN Outlets Nationwide

IPMAN Promises Affordable Fuel After Reaching Agreement With Dangote On Direct Supply

The Independent Petroleum Marketers Association of Nigeria, (IPMAN),