Nigeria’s Dangote Refinery is on track to commence petrol production by November 30th, with plans to begin refining diesel and jet fuel next month, an executive announced Monday.
Dangote Executive Director Devakumar Edwin told S&P Global that the landmark refinery will receive its first oil cargo within two weeks and launch diesel and jet fuel operations in October.
Edwin stated the refinery aims to incrementally increase petrol output to 650,000 barrels daily by November 30th. Initial production will reach 370,000 barrels of diesel and jet fuel in October once crude shipments begin arriving.
A previous delay related to the Nigerian National Petroleum Corporation (NNPC) allocating crude to another entity highlighted the country’s enduring fuel challenges that Dangote will help alleviate.
Edwin emphasized Dangote’s readiness and capacity to process Nigerian crude into cleaner petrol, diesel and jet fuel that can eliminate Nigeria’s reliance on imports.
By supplying half the country’s requirements and meeting Euro 5 fuel standards, he noted the facility will be “enormously beneficial” in terms of reliable supply, forex savings and reinvestment.
The launch positions Dangote to transform Nigeria from a net importer to potential exporter of refined oil products. Aliko Dangote has pitched the project as a strategic national asset to drive economic progress.
With first oil on the horizon, Edwin reiterated that revenues will fund further industrial growth, underscoring Dangote’s commitment to leveraging the refinery to uplift Nigeria.