July Date: Dangote Refinery Finally Set To Start Selling Fuel To Nigerians
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, reaffirmed the commitment of the Dangote oil refinery to commence petrol production in July as scheduled.
He made these remarks during a recent tour of the facility with officials from S&P Global.
Emphasizing the refinery’s strategic role in promoting industrial development, job creation, and economic growth in Africa, Edwin reiterated, “As promised earlier, the production of Premium Motor Spirit will commence this month.” He highlighted the refinery’s capability to meet Nigeria’s entire demand for petrol, diesel, kerosene, and aviation fuel, with surplus production earmarked for export, underscoring the facility’s adherence to international quality standards.
S&P Global, as part of its assessment for Nigeria’s sovereign credit ratings, visited the Dangote Refinery in Ibeju-Lekki, Lagos. The delegation, including officials from the Federal Ministry of Finance, recognized the refinery’s potential to alleviate foreign exchange pressures by eliminating the need for fuel imports.
Ravi Bhatia, Director and Lead Analyst for Sovereign and International Public Finance Ratings at S&P Global, led the assessment team. He praised the refinery’s scale and capabilities, describing it as the largest single-train complex globally with a daily processing capacity of 650,000 barrels. Bhatia highlighted the potential economic benefits, stating, “Nigeria can refine crude domestically, saving costs and conserving foreign exchange,” which he predicted would bolster revenue generation and stabilize the country’s economy.
Edwin further detailed the refinery’s operational specifications, noting its current capacity of 350,000 barrels per day, set to increase to 500,000 barrels per day by July/August. He underscored the refinery’s design to process various crudes from Africa, the Middle East, and the US, meeting stringent global emission standards.
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Highlighting a significant milestone, Edwin emphasized that the refinery was entirely conceptualized and constructed by a Nigerian firm, acting as its own Engineering, Procurement, and Construction (EPC) contractor. He lauded the facility’s advanced technology, including a state-of-the-art Central Control Unit and a self-sufficient marine terminal capable of handling large vessels.
Edwin affirmed the refinery’s commitment to producing high-quality, environmentally friendly products, positioning it as a cornerstone in Nigeria’s energy independence and economic growth strategy.
