Connect with us

Business

Dangote Refinery Begins Production, Diesel And Aviation Fuel Expected In Market This Month

Published

on

Dangote Refinery has commenced production, assuring the market of the availability of refined products, specifically diesel and aviation fuel, by the end of this month.

Dangote Refinery Begins Production, Diesel And Aviation Fuel Expected In Market This Month

The $20 billion refinery made this commitment while announcing that production has started on Friday, January 12, emphasizing its dedication to meeting domestic demands.

This announcement follows the successful delivery of approximately six million barrels of crude oil to the 650,000 barrels-per-day plant over the past few weeks.

President of Dangote Group, Alhaji Aliko Dangote, expressed gratitude to President Bola Tinubu for his unwavering support, encouragement, and insightful advice.

Dangote acknowledged President Tinubu’s visionary leadership and prompt attention to detail, crediting his intervention for overcoming obstacles and expediting the realization of the refinery project.

READ:  Google launches first dedicated Startups Accelerator for women founders in Africa

He said: “We thank President Bola Tinubu for his support and for making our dream come true.

“This production, as witnessed today, would not have been possible without his visionary leadership and prompt attention to detail. His intervention at various stages cleared all impediments, thereby accelerating the actualisation of the project.”

“We also thank the NNPC, NUPRC, and NMDPRA for their support. These organisations have been our dependable partners in this historic journey.”

Expressing appreciation for the support received from Nigerians, Dangote highlighted that the production of diesel and aviation fuel had commenced, with the products set to hit the market pending regulatory approvals within the month.

READ:  PICTURE of 8 Suspected Boko Haram Members!

He described the occasion as a significant milestone for Nigeria, emphasizing the project’s importance in demonstrating the nation’s capability to develop and deliver large-scale capital projects.

We also thank Nigerians for their belief and support in this project. We have started the production of diesel and aviation fuel, and the products will be in the market within this month, once we receive regulatory approvals.

“This is a big day for Nigeria. We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects.

“This is a game changer for our country, and I am very fulfilled with the actualisation of this project.

READ:  BBNaija's Ka3na Fakes Pregnancy In Order to Promote New Business

“I must extend our sincere appreciation to our bankers and financiers, both local and offshore.

“They demonstrated a great deal of patience, in seeing us through many difficult times,” Dangote said.

Acknowledging the patience and support of bankers and financiers, both local and offshore, Dangote extended thanks to the Lagos State government, led by Babajide Sanwo-Olu, for proactive efforts in resolving challenges encountered during the project.

Recognition was also given to host communities and their traditional leaders for their patience and willingness to collaborate in finding resolutions to various issues encountered during the construction.

READ:  "Cryptocurrency Was Created Out Of Thin Air In Dark World" - CBN Governor, Godwin Emefiele

He said, “In the same vein, we thank the government of Lagos State, under the leadership of Babajide Sanwo-Olu.

“He has been incredibly proactive in ensuring that the many challenges we encountered in the course of executing this project were quickly resolved.

“I also sincerely thank our host communities and their traditional leaders for their sustained patience, forbearance, and admirable willingness to work with us to find amicable and win-win resolutions to the many issues we have had to deal with as the construction of this huge facility progressed.”

Recalling the initial crude delivery on December 12, 2023, and subsequent cargoes, the refinery is designed for 100% Nigerian crude but possesses the flexibility to process other crudes, including those from Africa, the Middle East, and the United States.

READ:  Richfield Launches Propvest to Pioneer Innovative Model for Real Estate Financing

With the capacity to meet 100% of Nigeria’s refined product requirements, the refinery also has a surplus for export.

Equipped with Single Point Mooring Systems (SPMs) for crude intake and product discharge, the facility boasts self-sufficient marine capabilities and the ability to handle the largest vessels globally.

Furthermore, Dangote Refinery adheres to Euro V specifications, complies with US EPA and European emission norms, and meets Department of Petroleum Resources (DPR) emission/effluent norms as well as African Refiners and Distribution Association (ARDA) standards.

KanyiDaily recalls that Dangote Refinery recently acquired one million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO) one of the largest trading companies in Nigeria for refining.

READ:  Enioluwa Delighted As Friends Surprises Him With Beans And Garri On His Birthday [Video]

"Give Your First Salary To Your Father, Not Your Pastor" - Kanayo O. Kanayo [Video] 5
Entertainment26 mins ago

“Give Your First Salary To Your Father, Not Your Pastor” – Kanayo O. Kanayo [Video]

Davido Slams American Blog, Vows To Quit Music After His Next Album
Entertainment1 hour ago

Davido Slams American Blog, Vows To Quit Music After His Next Album

“I'm Dating Multiple Men A Same Time But Not Sleeping With Them” – Dorcas Fapson [Video]
Entertainment4 hours ago

“I’m Dating Multiple Men At Same Time But Not Sleeping With Them” – Dorcas Fapson [Video]

Tijani Babangida And Wife Hospitalized After Road Accident, Brother Passes Away
Celebrities5 hours ago

Tijani Babangida And Wife Hospitalized After Road Accident, Brother Passes Away

Justin Bieber Announces He's Expecting His First Child With Wife Hailey [Photos]
Entertainment5 hours ago

Justin Bieber Announces He’s Expecting His First Child With Wife Hailey [Photos/Video]

"She Is Dead To Me” – James Brown In Tears As He Disowns His Sister, Gracious Brown [Video]
Celebrities23 hours ago

“She Is Dead To Me” – James Brown In Tears As He Disowns His Sister, Gracious Brown [Video]

Google's Hustle Academy Re-launches with AI Focus to Empower African SMBs 6
Business1 day ago

Google’s Hustle Academy Re-launches with AI Focus to Empower African SMBs

Edo Governor, Godwin Obaseki Denies Dragging Oba Of Benin To Court
Politics1 day ago

Edo Governor, Godwin Obaseki Denies Dragging Oba Of Benin To Court

Junior Pope’s Family Reportedly Drop Charm In His House To Deal With His Killers [Video]
Entertainment1 day ago

Junior Pope’s Family Reportedly Drop Charm In His House To Deal With His Killers [Video]

Don Jazzy Celebrates 12th Year Anniversary Of MAVIN Records [Video]
Entertainment1 day ago

Don Jazzy Celebrates 12th Year Anniversary Of MAVIN Records [Video]

CAC Inaugurates Centre For Registration Of POS Operators Ahead Of July Deadline
Entertainment1 day ago

CAC Inaugurates Centre For Registration Of POS Operators Ahead Of July Deadline

"I Have Dated Over 100 Women" - Skales Compares Himself To King Solomon [Video]
Entertainment1 day ago

“I Have Dated Over 100 Women” – Skales Compares Himself To King Solomon [Video]

Adekunle Gold Visits Ailing Khaid At Hospital [Video]
Entertainment2 days ago

Adekunle Gold Visits Ailing Khaid At Hospital [Video]

"People Say I’m Better Than Wizkid" – Speed Darlington
Entertainment2 days ago

“People Say I’m Better Than Wizkid” – Speed Darlington

Simi Reveals Why She Titled Her Song With Tiwa Savage "Men Are Crazy"
Entertainment2 days ago

Simi Reveals Why She Titled Her Song With Tiwa Savage “Men Are Crazy”

6 Ways Agritech can Revolutionize Grocery Aisles 7
Business2 days ago

6 Ways Agritech can Revolutionize Grocery Aisles

Two killed, Three Injured, Shops Razed As Gas Explosion Rocks Lagos
Metro2 days ago

Two killed, Three Injured, Shops Razed As Gas Explosion Rocks Lagos

Cybersecurity Levy: Tinubu Is More Interested In Milking A Dying Economy - Peter Obi
Politics2 days ago

Cybersecurity Levy: Tinubu Is More Interested In Milking A Dying Economy – Peter Obi

May Edochie’s Divorce Battle Stalled Due To Absence Of Yul Edochie And Judy Austin's Lawyer
Celebrities2 days ago

May Edochie’s Divorce Battle Stalled Due To Absence Of Yul Edochie And Judy Austin’s Lawyer

“I Was Always At The Bottom Of My Class" – Toke Makinwa Reveals At Her At Perfume Launch
Celebrities2 days ago

“I Was Always At The Bottom Of My Class” – Toke Makinwa Reveals At Her Perfume Launch