Port Harcourt refinery begins operation July
the development would stimulate economic activities, reduce the price of petroleum products and ensure adequate supply.
the development would stimulate economic activities, reduce the price of petroleum products and ensure adequate supply.
The promise of Dangote to end fuel import may be a relief to marketers and Nigerians, who are yet to fully recover from the recent fuel scarcity that nearly brought the economy to a halt in Lagos, Abuja and other parts of the nation.
Mega-refinery set to transform Nigeria but questions remain over feedstock that may limit key gasoline production, at least for now
Eterna Plc has joined the growing list of domestic sales distributors of Dangote Petroleum Refinery products.
However, the refinery has yet to produce Petroleum Motor Spirit, otherwise known as petrol.
In his bid to appease the new president, Dangote reportedly dragged his fellow billionaire, Bill Gates to Abuja in order to persuade Tinubu to rescind his decision to clampdown on Dangote and his dream project.
Pavlov noted that plenty of Nigerian crude is already contracted under term agreements, so questioned how Dangote will be able to secure enough feedstock.
The ‘battle’ has now shifted to fuel subsidy removal without any provocative statement from the government in recent times
The Dangote Refinery at Ibeju Lekki is an ambitious integrated energy project. It will produce 650, 000 barrels of crude petroleum daily that makes it the largest such refinery in the world. Dangote Refinery would produce enough for Nigeria and export. In other words, it will meet our need for 57 million litres of petrol daily, 27 million litres of diesel per day, 11 million litres of kerosene per day and nine million litres of aviation jet each day.
The Nigerian National Petroleum Corporation (NNPC) on Monday said it is currently considering equity participation in some private refineries across the country.