Ongoing regulatory approval challenges have hindered the Dangote Petrochemical Refinery's plan to introduce aviation fuel (Jet A1) and diesel to the Nigerian market by the end of January, according to recent findings by The PUNCH.
Despite commencing petroleum product production in early January, the refinery is grappling with multiple layers of regulatory clearances, with major and independent oil marketers anxiously awaiting the release of refined products.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority is reportedly still assessing the plant's products before granting regulatory approvals. The refinery's President, Aliko Dangote, expressed gratitude for support from President Bola Tinubu and emphasized that the facility would pump out diesel and aviation fuel in January, pending regulatory green lights.
However, as of February 7, 2024, the plant had yet to release the anticipated products, causing a stir in the downstream sector. Independent marketers are eagerly awaiting feedback, and the commercial terms for product supply are still under negotiation.
Despite these delays, the refinery aims to meet Nigeria's refined petroleum needs, create jobs, and boost exports with its massive infrastructure.
