Dangote Refinery Begins Petrol Production Test-Run

Why NNPC Reduced Stake In Dangote Refinery From 20% To 7.2% - Spokesperson

The Dangote refinery, with a capacity of 650,000 barrels per day, is currently conducting test runs for producing Premium Motor Spirit (PMS), commonly known as petrol or fuel, with full operations anticipated by mid-September.

A report from industry analyst IIR Energy noted that the $20 billion facility developed by Aliko Dangote has primarily produced diesel and other distillate fuels to date.

Naija News reports that initially, the refinery had projected that petrol deliveries would commence in July, having previously aimed to begin production of the motor fuel in May.

“It is possible that there could be further extensions”, IIR said in a note to clients.

Upon reaching full operational capacity, the refinery is poised to transform the fuel trade between Europe and Africa while diminishing Nigeria’s dependence on imported refined products.

Earlier this month, a committee established by the Federal Government to facilitate the sale of crude oil to local refineries in naira reached a consensus with Dangote Petroleum Refinery regarding the commencement of petrol distribution in September of this year.

The report indicated that the Federal Government also announced that the sale of crude oil to Dangote Refinery and other domestic refineries is scheduled to begin on October 1, 2024.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this during a meeting with the Implementation Committee in Abuja.

Additionally, during the meeting, the Executive Chairman of the Federal Inland Revenue Service, Dr. Zacch Adedeji, along with the Chairman of the Technical Sub-Committee, reported that “The first PMS delivery from Dangote is anticipated next month under the current agreements.”

The post Dangote Refinery Begins Petrol Production Test-Run appeared first on Naija News.

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