The Dangote refinery says it will commence petrol supply in August — a shift from previous timelines announced by the firm.
In a report made available to journalists on Sunday, the
company said the project is now fully online.
In June, Aliko Dangote, Africa’s richest person, had said
due to a minor delay, the refinery would commence petrol supply in July. This
was after the organisation announced that production would begin in June.
Devakumar Edwin, the vice-president of oil and gas at the
Dangote Industries Limited (DIL), on July 8, said the Dangote refinery was on
track to commence petrol production this month.
In the report, however, the firm said the timing would
slightly change.
“Successful completion of trial run in January 2024. Refined
and intermediate products include polypropylene, naphtha, RCO, gasoline,
diesel, and jet fuel,” the company said.
“Steady state production phase commenced in March 2024.
Ramping up production to reach 500 kbpd (15 crude cargoes a month) by next
August, 550 kbpd by the end of the year, and 650 kbpd by Q1 2025.
“Gasoline production
to commence in July with sales from August.”
On June 4, Dangote had said some international oil companies
(IOCs) were struggling to supply crude to Dangote Petroleum Refinery.
Intervening on July 11, the Nigerian Upstream Petroleum
Regulatory Commission reached an agreement with producers to supply crude oil
to domestic refineries at market prices.
LISTINGS IN Q1 2025
Speaking to journalists on Sunday, Dangote said there are plans to list the much-anticipated refinery and fertilizer plants on the Nigerian Exchange Group (NGX) by the first quarter (Q1) of 2025.
He said the conglomerate had, so far, invested $20 billion
in the refinery and $2.5 billion in the fertiliser plant.
The decision to list the two subsidiaries comes as the
conglomerate seeks to expand its investor base and unlock further value for
shareholders.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com