Featured Posts News

Dangote Refinery To Start Petrol Refining November – Official Reveals

According to the group’s executive director Devakumar Edwin, the Dangote Refinery is scheduled to start refining petrol by November 30, 2023, and diesel and jet fuel operations by October 2023.

The refinery will receive its first crude shipment in two weeks, and in October 2023, it will start producing up to 370,000 barrels per day of diesel and jet fuel, according to Edwin, who spoke with S&P Global Commodity Insights on Monday.

Edwin also mentioned that the refinery would start a gradual rise in petrol output with the goal of reaching a remarkable 650,000 barrels per day by November 30. “Right now, I’m ready to receive crude,” he said, emphasising the refinery’s willingness to receive crude oil. All we have to do is wait for the first ship. And so, as soon as it comes in, we can start.”

This Is The Month Port Harcourt Refinery Will Begin Operations – FG Reveals

During his interaction with S&P, Edwin made it clear that the Nigerian National Petroleum Corporation Limited had previously committed its crude oil to another business on a forward basis, which resulted in a little delay. This explanation explained the change in the initial timeframe. The refinery would soon run solely on Nigerian crude oil starting in November 2023, he claimed, and the disruption was only temporary.


Because it is located in a free trade zone outside of Lagos, he pointed out that US dollars rather than naira will be used to pay for the Nigerian oil. Due to its equity interest, the NNPCL will deliver certain petroleum at discounted rates.

Edwin said that the Dangote refinery can process the majority of African crudes as well as Middle Eastern crudes, excluding heavy Angolan grades.

He said, “We can take even some of the Russian grades… if the global system opens up to allow us to receive them. Basically, if you look at our production profile, 50% of my production will meet 100% of the requirements of the country.

Local Refining Will Reduce N70 On litre Of Petrol – Oil Marketers

“Excess gasoline – which will be 10 ppm sulfur Euro 5 quality — will be exported to other African markets as well as the US and South America, although the volumes will be relatively small. Meanwhile, jet fuel will be exported to Europe and diesel will be sold in sub-Saharan Africa.”

S&P also quoted Edwin as saying the refinery would be “enormously beneficial to the country” by establishing a reliable supply of “environmentally-friendly” refined products and bringing “a huge amount of foreign exchange into the country.”

Furthermore, Edwin pointed out that the refinery would be crucial in easing the problems with fuel supply that import-dependent West Africa was facing. These problems had been made worse by Nigeria’s recent elimination of fuel subsidies, which had resulted in a booming black market for illegal petrol due to price swings.


He also stated that the profits from the refinery’s operations would be used to support additional construction, demonstrating Aliko Dangote’s dedication to Nigeria.

Fuel Scarcity: FG Orders NNPC To Reduce Petrol Price

“The money will be coming back in, and it will go for further investments,”


“[Aliko Dangote] is from Nigeria and his focus is always on Nigeria,” Edwin said.


Follow us on Facebook




Post Disclaimer

The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.

Stories you may like