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Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel (18240 Views)

Again, Dangote Crashes Diesel, Aviation Fuel Prices To ₦‎940, ₦‎980 Respectively / We Will Have Diesel, Aviation Fuel In The Market This Month - Dangote Refinery / Buhari Seeks Approval To Pay $556m, £98m, N226b Judgement Debts, 5 Days To Go (2) (3) (4)

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Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Bobloco: 7:12am On Jan 14
THE Dangote Petroleum Refinery has sought the approval of the Federal Government to hit the domestic market with diesel and aviation fuel.


The approval is expected from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, which is responsible for the regulation of midstream and downstream petroleum operations in Nigeria.


Meanwhile, checks by Sunday Vanguard, weekend, indicated that refined products are currently stored in the refinery’s storage tanks while awaiting approval.

In a statement, the company stated: “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.

“The refinery has so far received six million barrels of crude oil at its two SPMs located 25 kilometres from the shore. The first crude delivery was done on December 12, 2023, and the 6th cargo was delivered on January 8, 2024.

“The Refinery can load 2,900 trucks a day at its truck-loading gantries. The products from the Refinery will conform to Euro V specifications. The refinery design complies with the World Bank, US EPA, European emission norms, and Department of Petroleum Resources (DPR) emission/effluent norms. Employing state-of-the-art technology.

“I must extend our sincere appreciation to our Bankers and financiers, both local and offshore, who demonstrated a great deal of patience, in seeing us through many difficult times. In the same vein, we thank the Government of Lagos State, under the leadership of Babajide Sanwo-Olu, who has been incredibly proactive in ensuring that the many challenges we encountered in the course of executing this project were quickly resolved. I thank him immensely.”

“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. Our staff have also contributed so immensely to the success of this project. I thank them profusely.”


Meanwhile, President of Dangote Group, Alhaji Aliko Dangote, has thanked President Bola Ahmed Tinubu for his support, encouragement, and thoughtful advice towards the actualisation of this project.


Dangote also thanked the Nigerian National Petroleum Company Limited (NNPC Limited), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), NMDPRA and Nigerians for their support and belief in the historic project.

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.”

In a telephone interview with Sunday Vanguard, the Executive Chairman, 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 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.”


Similarly, the Chairman of International Energy Services, Dr Diran Fawibe, said: “This is a welcome development that will create many multiplier effects, including additional job opportunities. Any producing country would want to allocate a share of its local production to refining and that makes the industry complete.”
https://www.vanguardngr.com/2024/01/dangote-refinery-seeks-approval-to-hit-market-with-diesel-aviation-fuel/amp/

25 Likes 4 Shares

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Administration1: 7:21am On Jan 14
Hopefully the cabal doesn't sabotage this

47 Likes 1 Share

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by tunwumi: 7:22am On Jan 14
Approved



He can't crash anything. If he will do anything the price will be higher than the imported self.

The only way he can bring down price is if Nigeria is giving him free crude oil to refine.

You don't need any specialist to analyze this, check the price of crude and covert it to naira, divide it by 157 (liters in a barrel) then you get then price.

He has been sourcing his crude from international market.

PrinceofSarcasm:
Just imagine. I feel the prices will be very high. They won't give approval if he wants to crash the price instead only if he will join them to keep the prices high.

The only way the Nigerian people can be free of suffering and these wicked politicians is if the people rise up and do away with each and everyone of them.

Nothing will ever change in Nigeria

24 Likes 5 Shares

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Bobloco: 7:23am On Jan 14
Administration1:
Hopefully the cabal doesn't sabotage this

Which of the cabal

Subsidy cabal or presidential cabal

25 Likes 3 Shares

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Administration1: 7:27am On Jan 14
Bobloco:


Which of the cabal

Subsidy cabal or presidential cabal

The former of course.

6 Likes

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by AqualinaXYZ: 7:27am On Jan 14
Honestey:
Should be granted without delay nah. Probably the best thing to happen to Nigeria in the last 5 decades . Now I believe this is real



Never believe till you see fuel





I’m too Nigerian to believe what’s written on paper and internet




Let alone believing a tenure of a thief who hired fake bishops

54 Likes 2 Shares

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by AqualinaXYZ: 7:27am On Jan 14
Administration1:
Hopefully the cabal doesn't sabotage this


Thats the issue here



There are top government officials who makes billions from fuel importation that would feel threatened and cut short of their evil deeds

8 Likes 1 Share

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by PrinceofSarcasm: 7:31am On Jan 14
Just imagine. I feel the prices will be very high. They won't give approval if he wants to crash the price instead only if he will join them to keep the prices high.

The only way the Nigerian people can be free of suffering and these wicked politicians is if the people rise up and do away with each and everyone of them.

Nothing will ever change in Nigeria

7 Likes 1 Share

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Aboks(m): 7:35am On Jan 14
Ok
Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Randerl: 7:36am On Jan 14
Believe this production at your own f..Ily. Production is yet to kick off. This is a project that was commissioned last May.

They said products will be in the market by July, then August and again october. No single drop made it to the market.

The Company said it will be in the market this month. Now they are seeking regulatory approval despite No production test run before december 2023. Expected the products in the market between February and June 2024.

How are we sure those are not imported products stored for resale. Anything goes in Nigeria.

14 Likes 1 Share

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Ahmed0336(m): 7:40am On Jan 14
I hope this move will reduce the price of ✈️

9 Likes 1 Share

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Marvieduke(f): 7:53am On Jan 14
I just hope that this development will reduce the price of transportation.

8 Likes 1 Share

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Dialpad: 7:54am On Jan 14
So long as we no longer have to use foreign currency to acquire petroleum products, it's fine

34 Likes 4 Shares

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by JuanDeDios: 7:54am On Jan 14
Administration1:
Hopefully the cabal doesn't sabotage this
Dangote sef na cabal.

13 Likes 2 Shares

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Mercury12(m): 7:55am On Jan 14
Okay, let it be cheaper

1 Like

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Honestey: 7:56am On Jan 14
Should be granted without delay nah. Probably the best thing to happen to Nigeria in the last 5 decades . Now I believe this is real

9 Likes 1 Share

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Wisejohnson47(m): 7:57am On Jan 14
They still need approval for that? This life no balance

1 Like

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Ernerstdavid55(m): 7:58am On Jan 14
grin the play
Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by FireUpNow(m): 7:58am On Jan 14
When will his pms and kerosene hit the market? Let him crash the pms pump price make we see.

5 Likes 1 Share

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Crucialgem(m): 8:00am On Jan 14
Randerl:
Believe this production at your own f..Ily. Production is yet to kick off. This is a project that was commissioned last May.

They said products will be in the market by July, then August and again october. No single drop made it to the market.

The Company said it will be in the market this month. Now they are seeking regulatory approval despite No production test run before december 2023. Expected the products in the market between February and June 2024.

How are we sure those are not imported products stored for resale. Anything goes in Nigeria.

Go and confirm yourself now, how can you just be sitting down and the corner of your house and be typing nonsense without verifying your nonsense claim, enter bus to epe road and confirm if the refinery have started or not. Nonsense

48 Likes 5 Shares

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by OduduaDefender(m): 8:00am On Jan 14
I don't even know whether to be skeptical or hopeful about this development.
We've been lied to too many times that it becomes very difficult to believe anything emanating from these people.

5 Likes 1 Share

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by naija4life247: 8:00am On Jan 14
Let's go Dangote, the nightmare of the developers. Whom God hath blessed, no hatred and bitterness can stop.

But I trust the developers, they will never use Dangote diesel or aviation fuel, just as they will never use the Muhammadu Buhari 2nd Niger Bridge. They don't use facilities provided by their generational enemies

19 Likes 3 Shares

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Donedeal1(m): 8:02am On Jan 14
Given just go ahead

The suffering Nigerian have approved it.

1 Like

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by DMerciful(m): 8:05am On Jan 14
Out of the $20billion, fg invested about $3 billion cash and crude so what approval are they seeking as if fg is not part owner?

We should stop playing to the gallery

2 Likes 1 Share

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by naija4life247: 8:06am On Jan 14
Administration1:
Hopefully the cabal doesn't sabotage this

Emilokan Asiwaju Tinubu is the Chief Mafia, any cabal that misbehaves will be crushed in totality. You don't mess up with the god of Politics

17 Likes 1 Share

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by specialmati(m): 8:06am On Jan 14
cool cool cool ok ooh
Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by zombieHUNTER: 8:07am On Jan 14
We want Fuel..

cheaper fuel

1 Like

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by Anguldi(m): 8:08am On Jan 14
No sell for us imported product undecided
Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by naija4life247: 8:08am On Jan 14
DMerciful:
Out of the $20billion, fg invested about $3 billion cash and crude so what approval are they seeking as if fg is not part owner?

We should stop playing to the gallery

Negativity is a curse, don't let it destroy you

15 Likes 2 Shares

Re: Dangote Refinery Seeks Approval To Hit Market With Diesel, Aviation Fuel by naija4life247: 8:08am On Jan 14
OduduaDefender:
I don't even know whether to be skeptical or hopeful about this development.
We've been lied to too many times that it becomes very difficult to believe anything emanating from these people.

Go and sit down somewhere

14 Likes 1 Share

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