Dangote Refinery Assures Regular Gas Provide in Nigeria Regardless of World Oil Scarcity and Worth Enhance

The Managing Director of Dangote Petroleum Refinery, David Fowl, has reassured Nigerians that the refinery will proceed to fulfill the nation’s gas wants regardless of ongoing disruptions within the international oil and fuel market.

 He famous that whereas gas import‑dependent international locations are already experiencing panic shopping for and rationing, Nigeria is not going to face such challenges once more because the refinery is dedicated to making sure petrol availability throughout the nation.

Talking throughout a media chat, Fowl mentioned the refinery stays steadfast in supplying uninterrupted gas to the Nigerian market whilst geopolitical tensions within the Center East drive sharp will increase in crude oil costs, freight charges, and insurance coverage prices.

In line with him, the worldwide oil market has seen a unprecedented surge inside a short while. “Only a week in the past, oil was buying and selling within the mid‑$60 vary, and it has now climbed to almost $120 per barrel,” he mentioned, including that the shock has affected each phase of the world’s vitality provide chain.

Fowl defined that, like all gamers within the international refining business, Dangote Refinery is uncovered to fluctuations in crude costs, freight expenses, and insurance coverage premiums. Nonetheless, he confused that Nigeria now enjoys a crucial benefit: provide safety made potential by home refining capability.

“What could be worse than $120 oil is not any oil,” he acknowledged, mentioning that some international locations are already implementing rationing as a result of they rely utterly on imports.

He added that a number of nations with vital refining capability have begun limiting gas exports to safeguard native provide amid the continued international provide shock.

Fowl emphasised that so long as the refinery continues to obtain Nigerian crude by way of the Federal Authorities and the Nigerian Nationwide Petroleum Firm Restricted (NNPCL), it can maintain its provide to the home market.

“With authorities assist and regular entry to home crude, Dangote Refinery will proceed to fulfill all of Nigeria’s refined gas necessities,” he assured.

He revealed that the refinery is working at its full nameplate capability of about 650,000 barrels per day—making it one of many world’s largest single‑practice refineries. The power can produce between 50 million and 55 million litres of petrol day by day, with the power to extend output by way of mixing if wanted.

Nigeria’s day by day petrol consumption is estimated at 35 million litres, Fowl famous, underscoring that the refinery has greater than sufficient capability to fulfill nationwide demand.

He additional acknowledged that the refinery is prioritising provide to the Nigerian market to ensure what he described as “gas abundance.” “We are going to be sure that Nigeria enjoys gas abundance, not gas shortage,” Fowl affirmed.

Nonetheless, he cautioned that pricing will nonetheless be influenced by international market circumstances, as crude utilized by the refinery is bought at worldwide benchmark charges even beneath the crude‑for‑naira association.

“Pricing is decided largely by international commodity markets,” he defined, including that selections about gas value interventions relaxation with the federal government.

Fowl concluded by noting that the refinery, which commenced sustained operations in early 2024, has considerably improved efficiency following upkeep and optimisation actions carried out earlier within the yr.