The International Energy Agency (IEA) has said that the Dangote refinery, with a 650,000 barrels per day capacity will enable oil demand growth in the next decade, especially for African countries that heavily rely on imported refined energy products in the present.

This is according to the IEA’s October 2023 World Energy Outlook report.

A part of the Outlook stated:

“African countries rely on imports of refined products, although a new 650 000 barrels per day refinery in Nigeria helps meet incremental oil product demand growth in the next decade.”
Note that currently, many African nations are dependent on imported refined products. However, the Dangote refinery has the potential to reshape this scenario.

In the IEA’s World Energy Outlook, it’s emphasized that Africa is currently producing approximately 7 million barrels of oil per day, with about 40% of it being exported.


Also, the Outlook underscores that oil production is expected to decline, primarily because there are limited new oil discoveries coming online that can counterbalance the decreases from existing producing fields.

This situation underscores the importance of efficient, local refining capacity like the Dangote refinery to meet the growing demand for oil products and reduce import dependence.

Dangote refinery is yet to begin operations
Meanwhile, the Dangote refinery, which was commissioned earlier this year, is yet to begin operations, according to sources familiar with the matter.


Despite Dangote Group Executive Director Devakumar Edwin’s earlier assurance in September 2023 that the refinery would commence diesel and aviation fuel production in October, there are now indications that these plans might not come to fruition as expected.

Sources with knowledge of the situation suggest that the refinery could potentially miss the deadlines set by Edwin, which included diesel and aviation fuel refining by October 2023 and petrol refining by November 2023.

The exact reasons for these potential delays have not been disclosed, leaving the situation shrouded in uncertainty.

At the time of this report, attempts to contact the management team at Dangote Refinery have proven unsuccessful.

This uncertainty raises questions about the refinery’s operational timeline and the factors contributing to any potential setbacks.

It also emphasizes the challenges and complexities involved in establishing and commencing operations at such a significant industrial facility.

What you should know

The Dangote Refinery is an advanced facility engineered to process 100% Nigerian crude oil while also showcasing remarkable adaptability to handle a variety of other crude oil types.

The refinery’s design exhibits the capability to process an extensive array of crude oil varieties. This includes African crudes, several Middle Eastern varieties, and even US Light Tight Oil.

https://nairametrics.com/2023/10/25/dangote-refinery-to-meet-african-oil-demand-growth-in-next-decade-report/

Okay

Make him start kwanu.

Drama too plenty. Can't he help someone for once

You clowns should stop writing about Dangote refinery, Dangote himself is tired of the refinery. there is no money to use and complete the project.

my cousin work there he said the complex wont be ready until last quarter of 2025 that's if he gets funding from lenders. for now nothing major is happening

Dem still Dey promise us ontop dis imaginary refinery?for there mind all of us na zombie

it has not even meet the demand in Mile2 yet, let alone the whole Africa

nototribalist:
You clowns should stop writing about Dangote refinery, Dangote himself is tired of the refinery. there is no money to use and complete the project.

my cousin work there he said the complex wont be ready until last quarter of 2025 that's if he gets funding from lenders. for now nothing major is happening

Chi and bubu want to commission it! I am also hearing that Dangote and Balablu are not on the best of terms so maybe he's not getting the same level of under table support that he used to get

Monopoly is not a business model. Maybe one day Nigerian government will understand.

There's absolutely no reason for cement to be as expensive as it is.....but when one man controls the market...