Africa’s richest man, Aliko Dangote, has said his refinery has secured a licence to refine more than 300,000 barrels of Nigerian crude per day and will begin to process gasoline soon.

“We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” Dangote said in an interview in Riyadh on the sidelines of the Saudi-Nigeria business roundtable, according to Bloomberg.

“We’re more than ready and you will see our gasoline products soon,” he added.

The refinery was supposed to start production in August but missed that target in addition to several other over the years. But Dangote insists that his refinery will start producing “very very soon.”


The refinery’s first priority is to supply gasoline to Nigeria before exporting to elsewhere, including the West African region, he said.

The PUNCH reported that the Dangote Petroleum Refinery was importing crude oil and expected its first cargo in about two weeks, according to the Executive Director, Dangote Group, Devakumar Edwin.

The report stated that though the Nigerian National Petroleum Company Limited trades crude oil on behalf of Nigeria, in an interview with S&P Global Commodity Insights at the time, Edwin revealed that the NNPCL had committed its crude to other entities.

Promoting non-oil export amid forex scarcity
The Dangote refinery boss did not disclose the other entities receiving the oil company’s crude, but the NNPCL had earlier disclosed in August that it had entered into a $3bn crude oil-for-loan deal with African Export-Import Bank.

The 650,000 barrel-a-day facility, which is expected to produce 27 million litres of diesel, 11 million litres of kerosene and nine million litres of jet fuel, will receive crude from other producers in Nigeria, as well as the country’s state oil company, said Dangote, whose fortune estimated at $16.2bn by the Bloomberg Billionaires Index.

Nigeria increased its oil output by 60,000 barrels per day last month, reaching 1.49 million barrels per day — the highest in almost two years.

The West African nation has launched a new grade of crude called Nembe through a joint venture, as the nation ramps up its oil output.

The Nembe crude stream is expected to be managed and marketed by a joint venture between state-owned Nigerian National Petroleum Company (NNPC) and oil firm Aiteo Eastern E&P Co. Ltd.

https://punchng.com/dangote-refinery-secures-licence-to-refine-300000bpd-crude/?amp

When are they getting started. We tired of of hear say

License or any other Government documents should not be a problem as Government already has 20% stake in Dangote Refineries.

At this point the refinery is more of public interest than private.

Alhaji Dangote abeg hurry up, do what you did to Sugar, and Cement with Petrol

Many British Refinery would collapse

.

Bliss62:



Alhaji Dangote abeg hurry up, do what you did to Sugar, and Cement with Petrol

Many British Refinery would collapse

.

Look at this baby clown.

Which Sugar and cement?

Watch those spiteful elements still come on this thread to express their anger and frustration over this news that in no way affects the progress of their lives.

Keep tabs under this comment. They'd arrive in no time. They're cursed to do so

Monopoly man himself.

One day some to checkmate you will come out

If only Nigerians know the reason why everything is skyrocketing,they will pay attention to this Refinery and pray it starts operations sooner than later
Let me school you on why that Refinery has the capacity to start a new economic revolution in Nigeria
Did you know that there are more than 8 products that are gotten from crude oil,these products are used in petrochemical,pharmaceutical and construction companies
Are you aware that some of these byproducts from crude have been used to build industries in so many countries around the world
Ask yourself this one question,all the byproducts from the crude oil imported to be refined by the NNPC or whatever they call themselves now,what has happened to it for the past twenty to thirty years
I don't want to speculate but you can be sure that money is not in the Federation account.
Are you aware that some companies are already waiting for Dangote Refinery to start production and they are already on ground waiting to take their raw materials from the Refinery when it starts

I am one of those who are constantly on my knees praying for that refinery to start operations because it will change the the Economic Landscape of our country forever
Kindly take time to click on this link,thanks
https://www.nairaland.com/7905627/introducing-strongtower-estate-ode-omi#126875204