Dangote Refinery's Vice President, Devakumar Edwin, announced that 44% of the facility's petrol production can meet Nigeria's daily requirements. The refinery, processing 650,000 barrels of crude daily, aims to resolve the country's PMS supply challenges while generating foreign exchange through exports.
Dangote Refinery's Vice President of Oil and Gas, Devakumar Edwin, revealed that the facility's petrol (PMS) production can fulfill 44% of Nigeria's daily petrol needs. During a recent press briefing, Edwin expressed pride in the refinery's ability to tackle Nigeria’s long-standing PMS supply challenges. He stated that the refinery can process up to 650,000 barrels of crude daily, generating over 54 million liters of PMS, with the excess earmarked for export.
"This refinery is a significant achievement for Nigeria, as it produces PMS from locally sourced crude," Edwin noted. He emphasized that beyond meeting domestic demand, the refinery also aims to generate foreign exchange through exports. With 86 gantries, it can simultaneously load 86 trucks, enhancing distribution efficiency.
Additionally, Zacch Adedeji, the Chairman of the Presidential Committee on the Sale of Crude Oil and Refined Products, confirmed that the Nigerian National Petroleum Company Limited (NNPCL) will be the exclusive purchaser of petrol from Dangote Refinery, while other products like diesel will be available to various buyers. Starting October 1, NNPCL will begin selling crude oil to the refinery in Naira.
While there is optimism about improved petrol supply, uncertainties linger regarding potential changes in petrol pump prices, as both Dangote Refinery and NNPCL have not provided clarity on pricing structures.
