Dangote Refinery to Provide 65m Litres of Petrol Each day

… Exports 20m Litres Surplus

In a landmark shift for Nigeria’s downstream petroleum sector, Dangote Petroleum Refinery & Petrochemicals will provide between 60 and 65 million litres of Premium Motor Spirit (PMS) each day to satisfy nationwide demand, successfully positioning the nation for sustained gasoline self sufficiency whereas exporting as much as 20 million litres in surplus.

President of Dangote Group, Aliko Dangote, disclosed the event in Lagos, confirming {that a} structured offtake settlement has been concluded with chosen entrepreneurs to make sure nationwide distribution and eradicate provide instability.

“We’ve agreed an offtake framework to provide as much as 65 million litres each day for the home market,” Dangote stated. “Any surplus, estimated at between 15 and 20 million litres, shall be exported.”

Nigeria’s common each day petrol consumption stands at between 50 and 60 million litres. The refinery’s output due to this fact exceeds present home necessities, marking a decisive break from many years of gasoline import dependence and recurrent shortage.

Below a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the refinery will channel nationwide provide by means of main advertising corporations, together with MRS Oil Nigeria Plc, Nigerian Nationwide Petroleum Firm Restricted Retail (NNPC), 11 plc (Mobil Producing Nigeria), TotalEnergies Advertising Nigeria Plc, Rainoil Restricted, Northwest Petroleum & Fuel Firm Restricted, Ardova Plc, Bovas & Firm Restricted, AA Rano Nigeria Restricted, AYM Shafa Restricted, Conoil and Masters Power.

The structured mannequin is designed to eradicate provide bottlenecks and curb speculative practices which have traditionally triggered disruptions.

The event indicators what business analysts describe as a vital structural reform in Nigeria’s gasoline provide chain. For many years, Africa’s largest crude oil producer relied closely on imported refined merchandise, exposing the economic system to overseas change volatility, logistics disruptions and periodic shortages.

With native refining now exceeding nationwide demand, the nation stands to preserve billions of {dollars} yearly in overseas change beforehand spent on petrol imports. Analysts say this would ease stress on the naira, strengthen exterior reserves, and enhance commerce stability stability.

The Group Chief Government Officer of NNPC Restricted, Engr. Bayo Bashir Ojulari, had throughout a current go to to the ability described the refinery as a transformative nationwide asset able to redefining Nigeria’s vitality safety structure and accelerating industrial progress.

He described the refinery as a supply of nationwide delight and an instance of Nigeria’s potential to leapfrog legacy industrial constraints by means of the adoption of best-in-class international know-how.

Commending its operational efficiency, Ojulari stated the plant had exceeded expectations.

“This plant was designed for 650,000 barrels per day. None of us thought it could even contact 550,000. What we noticed dwell immediately was 661,000. These are dwell parameters, not studies or pictures,” he said.