Aliko Dangote announced that the Dangote Refinery obtained a license to process over 300,000 barrels of Nigerian crude daily, with plans to commence petrol production soon. He shared this information during a Saturday interview in Riyadh, conducted on the sidelines of the Saudi-Nigeria business roundtable.
“We don’t want to start our refinery with foreign goods; we want to start with the Nigerian crude,” the billionaire told Bloomberg. “We’re more than ready and you will see our gasoline products soon.”
Speaking on the commencement of operations at the refinery, Dangote said the refinery will start producing “very, very soon.”
He emphasized that the initial focus of the refinery is to meet Nigeria’s petrol demand before considering exports to other destinations, including the West African region.
Dangote explained that the 650,000 barrel-a-day facility is projected to yield 27 million litres of diesel, 11 million litres of kerosene, and nine million litres of jet fuel.
The crude supply for the facility will come from both other Nigerian producers and the country’s state oil company.
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