Dangote Refinery Achieves Another Record in Petrol Supply After Receiving Crude from NNPC

Oct 26, 2024 | Entertainment, News


  • Dangote Refinery has released its first seaborne petrol shipment of approximately 500,000 barrels to Lagos
  • This is the first sea shipment since the refinery began using trucks to distribute petrol in September 2024
  • Dangote refinery is currently the only refinery producing petrol in Nigeria and has the capacity of 650,000 barrels

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends

The Dangote Petroleum Refinery has recorded its first dispatch of petrol by sea approximately 500,000 barrels.

The refinery located in Ibeju Lekki, Lagos recorded the milestone one month after it began petrol transport using trucks.

Dangote refinery petrol by sea in Lagos
Dangote petrol lands in Lagos
Photo credit: Bloomberg/contributor
Source: UGC

Bloomberg reports that the petrol was shipped through the Sabaek this week.

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NNPC clears air on alleged claim to convert Port Harcourt refinery into blending plant

Dangote refinery to end scarcity

Dangote refinery is considered as a very important project in help Nigeria reduce reliance on petrol imports from Europe and helping stabilize fuel supplies across West Africa.

Once fully operational, the $20 billion 650,000-barrel-per-day refinery, facility is expected to redefine Nigeria’s fuel landscape.

ThisDay reports that the heart of Dangote refinery operations is the Residue Fluid Catalytic Cracker (RFCC) unit—a critical component for converting crude into high-value fuels such as gasoline—continues to increase output.

Recently, Legit.ng reported that the Nigerian government has began supply of crude to the refinery in naira.

In the past three weeks, Dangote refinery has received four crude oil cargoes from the Nigerian National Petroleum Company Limited (NNPCL) under the government’s naira-for-crude agreement.

Officials indicated more shipments are expected soon.

As the only petrol-producing refinery in Nigeria currently, Dangote’s facility is on track to supply domestically refined petrol directly to local dealers, a move that could ease the country’s perennial fuel shortage.

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Dangote Refinery begins direct petrol sale to marketers after reaching new deal

Dangote refinery begins direct petrol sale to marketers

In another development, Legit.ng reported that the Dangote Petroleum Refinery has begun supplying petrol to some oil marketers without resorting to the NNPCL.

The development comes as marketers strengthen their move to purchase the product directly from the facility. While others imported petrol, reports say over 123 million litres will hit the market in the coming weeks.

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Source: Legit.ng





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