The Dangote Petroleum Refinery has announced it will export its petrol products if the Nigerian National Petroleum Company Limited (NNPCL) and local marketers fail to patronize it. The refinery, with a capacity of 650,000 barrels per day, has begun producing Premium Motor Spirit (PMS) to meet domestic demand.
The Dangote Petroleum Refinery has issued a warning to the Nigerian National Petroleum Company Limited (NNPCL) and local oil marketers, stating it may begin exporting its petroleum products if they do not purchase them. This announcement came from Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, during a live broadcast on the Brekete Family Show.
The refinery, which has a capacity of 650,000 barrels per day, began producing Premium Motor Spirit (PMS) on Sunday, following a previous rollout of aviation fuel, kerosene, and diesel. Edwin emphasized the refinery's commitment to supplying PMS to the Nigerian market, but expressed frustration over what he described as a blockade preventing the lifting of their products domestically.
He highlighted that while the refinery is prepared to meet the local demand for PMS, it will not hesitate to export its products if NNPCL and local traders continue to refrain from buying. Edwin remarked, “If the traders or NNPCL are not buying the product we will end up exporting the PMS as we are doing with the aviation jet and diesel.” The refinery’s decision underscores the challenges facing local oil supply chains and the potential consequences for domestic fuel availability if local stakeholders do not engage with the newly operational facility.
