With the delivery of two million barrels of crude, the $19 billion Dangote Oil Refining Company is set to commence production of petroleum products paving the way for additional jobs and foreign exchange relief to the economy.

This follows yesterday’s delivery of an additional one million barrels of crude oil yesterday to the refinery, two weeks after taking the delivery of the first cargo of one million barrels.

The Refinery had disclosed that it purchased the first one million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO), one of the largest trading companies in Nigeria as well as globally, trading over 8 million barrels of crude oil per day.

Also, these represent the first phase of the 6 million barrels of crude oil to be supplied by a range of suppliers.

The latest cargo, which sailed to the facility’s Single-Point Mooring (SPM) where it was discharged into the refinery’s crude oil tanks, has increased total deliveries to about two million barrels.

Experts in oil and gas, yesterday, said with this level of crude supplies, Dangote Refinery is set to start operations, describing the coming on stream of Dangote Petroleum Refinery and Petrochemicals as a major milestone, capable of making a positive impact in the economies of Nigeria and West Africa.

In a telephone interview with Vanguard, yesterday, the Executive Chairman, the African Energy Chamber, NJ Ayuk, said: “We are excited to see that the Dangote Refinery has secured its crude cargoes This is a significant milestone, both for the country and the West African region at large.

“With a capacity to produce 350,000 barrels per day, the refinery holds particular significance for the country, where a reliance on fuel imports has been a defining feature for decades, despite its over 37 billion barrels of proven reserves.”

“This cargo will see diesel, aviation fuel and Liquefied Petroleum Gas produced, followed shortly thereafter by the production of Premium Motor Spirit. These products will enable the country to become self-sufficient while exporting to regional neighbours. This, in turn, will strengthen the fiscal dynamics, putting an end to fuel subsidies, high prices and inconsistent supply, thereby setting a strong benchmark for other resource-rich countries in Africa.”

“The project is designed 100% for Nigerian crude and is expected to meet 100% of the country’s demand for refined products, with surplus exported. This, in itself, is a testament to the instrumental role the facility will play in facilitating growth in Nigeria, enabling the country to rely predominantly on its own resources to sustain its economy. We commend the facility for this milestone achieved and we look forward to the first supply of Nigerian fuel products.”

Similarly, the Chairman of International Energy Services, Dr. Diran Fawibe, said: “This is a welcome development that will create many multiplier effects, including additional jobs opportunities. Any producing country would want to allocate a share of its local production to refining and that makes the industry complete.

“The supply of crude oil to the economy used to be considered as a part of energy security, we know from history many countries went to war or influenced war against many nations simply because of importation of products to secure the supply in their country.”

https://www.vanguardngr.com/2023/12/19bn-dangote-refinery-gets-another-1m-barrels-crude-oil/

Previous thread:
First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel

Some ppl will still complain

Those people right now.

Ok

2024 may as well turn out to be the year Nigeria receives the highest influx of development and gains.

bennybuhari:
I hope this refinery will lead to drop in fuel price

Fadddd:
2024 may as well turn out to be the year Nigeria receives the highest influx of development and gains.

Definitely!!! I voted for Obi but now I'm beginning to Thank God that Tinubu won the Presidency. Just as he said that his economic reform would cause short initial stress but would soon make Nigerians smile from 2024 onward, happening exactly. Indeed, God shall use him to make Nigeria great.





You mean those that hate the Truth which Judiciary is already telling the one they are pushing into polical abyss.

LeoDeKing:
Those people right now.

Yes o!!
I am extremely positive that this is just the beginning of greater things to come for Nigeria. Good news will never cease in the lives of patriotic Nigerians and lovers of Nigeria.

The naysayers, unpatriotic elements, criminal defamers and cyberbullies will neither see these milestones nor benefit from it.

All the enemies of Nigeria will be put to shame. They will lose las las and will always lose. God bless Nigeria for ever!
Check my signature for free stuffs!

ANOTHER ONE

Slow and steady we will get there.

Just for a minute imagine if Dangote put this refinery in Onitsha or Aba.

I hope this refinery will lead to drop in fuel price

dre11:


https://www.vanguardngr.com/2023/12/19bn-dangote-refinery-gets-another-1m-barrels-crude-oil/

Previous thread:
First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel

I hope eall go dey Accountable oo, no be say we go dey pursue am with DOUBLE BARREL 🔫 🔫 🔫 later oo oo

Progress...

Soon enough, the price of fuel may go down.

Unimpressive. I feel Nigeria wont be able to meet the crude oil demands of this refinery. This refinery has starting production capacity of 350,000 barrels per day.
It’ll use up all these crude in less than one week. Then wait again??

Let's celebrate once refined fuel can't be imported because there's a enough supplies from local refiners.

Postinor:
Welcome back nairalanders,once again death on israelites

Continue. They'd shut it down again o

Is there any reason for mentioning the cost of the refinery?

bennybuhari:
I hope this refinery will lead to drop in fuel price

In the long run? YES

Not immediately as the cargo offloads.

bennybuhari:
I hope this refinery will lead to drop in fuel price

If wishes were horses

OkayDaddy:
Just for a minute imagine if Dangote put this refinery in Onitsha or Aba.

No imagine am, Dangote no fit try am self, make IPOB go claim am say na them get am.

nice.
all we are waiting is news of filling stations nationwide now trading products of the refinery


https://www.youtube.com/watch?v=pd_4PefV9VM

When is it hitting the market?