The Nigerian National Petroleum Company Limited (NNPCL) has supplied another one million barrel of crude oil to Dangote Refinery for commencement of production.
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Renowned economist Bismarck Rewane says it makes no sense for the country to export crude on forward contracts and not supply indigenous firms like Dangote Refinery.
The president of Dangote Group, Aliko Dangote has disclosed that the $20 billion Dangote Refinery will reach its capacity of 650,000 barrels per day by the end of 2024.
There was a rumour recently that the Dangote Refinery cannot start crude processing as scheduled because the Nigerian National Petroleum Company Ltd (NNPCL) had no crude to supply to the huge refinery.
On Monday May 22, 2023, policymakers and captains of industries from across the world converged at the Lekki axis of Lagos state for the commissioning of the world’s Largest Single-Train 650,000 barrels-per-day petroleum refinery, built by Dangote Group. Going by commentaries, the refinery when become fully operational will give a boost to efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil and save the scarce foreign exchange used in the importation of petroleum products.
President Muhammadu Buhari has inaugurated Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, and the largest petrochemical company in the world.
Aliko Dangote says the first product of the Dangote Petroleum Refinery and Petrochemicals “will be in the market before the end of July, beginning of August this year.”
The Dangote Refinery will be inaugurated by President Muhammadu Buhari on May 22, 2023, the special assistant to the president on digital communications, Bashir Ahmad, announced this in a tweet on Sunday.
ASHENEWS reports that the Dangote Group of Companies has described the reports that the Dangote Refinery would be commissioned during the working visit of President Muhammadu Buhari to Lagos State as misleading.
…Naira anticipated to become stronger once refinery starts production The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed…