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Dangote Refinery Moves Date Of Petrol Production From June To Mid-July - Politics - Nairaland

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Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by nathyx(m): 11:39am On Jun 11
Africa’s largest oil refinery, Dangote Refinery, has moved the date of production of premium motor spirit (PMS), popularly known as petrol, from June to the middle of July.

The President and CEO of the refinery, Aliko Dangote, confirmed the new production date to newsmen at the $20 billion facility in Lagos on Monday.

Dangote mentioned that the change in date was due to a slight delay, prompting the shift from the originally proposed June to mid-July.

The CEO said the refinery will commence production of petrol between 10 and 15 of July, while supply to local marketers will commence from the third week of the same month.

“We had a bit of delay, but PMS will start coming out by 10 to 15 of July. But then we want to keep it in tank to make sure that it settles. So by third week of July, we’ll be able coming out to take it into the market,” Dangote said.

Backstory
Earlier, the Dangote refinery was expected to begin production and supply of petrol this month, according to different reports.

For instance, analyst at the Standard and Poor’s’ Global (S&P Global) Commodities Insights predicted that the refinery will start supply of petrol in the fourth quarter of this year, particularly in the month of June.

“We are starting to see signs of activities, but all eyes are on when we’ll start to see gasoline production will commence from that project. There is a significant amount of pressure from the Nigerian government for significant volume of that supply to be sent to the domestic market.

“In reality, when we see that start scale up is still subject to debate. Dangote has recently been espousing some punchy timelines. They have most recently been saying that they are looking to produce gasoline by May. But in reality, our analyst expect that would be something like the fourth quarter of this year in a more realistic timeline,” the analysts said.

Exportation of Jet Fuel
Meanwhile, the refinery has begun the supply of jet fuel and diesel to domestic marketers in the country.

In addition, the $20 billion facility started exporting its first jet fuel cargo to Europe.

The first shipment, loaded onto the vessel “Doric Breeze,” left the Lekki Free Zone in Lagos on May 27th and is now on its way to Rotterdam, Netherlands, as per data from S&P Global Commodities at Sea.

More Insights
The Dangote refinery is expected to significantly reduce Nigeria’s dependence on imported petroleum products.

Nigeria, despite being the most populous country in Africa and its top oil producer, ironically imports almost all of its fuel.

Primarily, this is attributed to the nation’s lack of sufficient refining infrastructure, a gap that the new refinery seeks to fill.

Dangote said the refinery is positioned to be one of the best petroleum refineries in the world.


“What we are doing is to be able to export petroleum products to anywhere and compete with any company. By next week, we’ll be producing about ten thousand ppm in terms of diesel which now what’s happening in that we import about 2 to 3 thousand. We will produce the best,” Dangote added.

https://nairametrics.com/2024/06/11/dangote-refinery-moves-date-of-production-of-petrol-from-june-to-mid-july/

7 Likes 3 Shares

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by Kenochi(m): 11:41am On Jun 11
I sense that Dangote Refinery is waiting for something,the organization is seriously hoping for what I believe is the realistic price of petrol
The truth is Diesel and Aviation Fuel is being sold and it is being given out at between 950 to 1150 for marketers, nobody needs to tell you that Dangote Refinery can't sell below 800 naira to marketers,it is a no brainer
The challenge now is who will pay the difference in price for his petrol,I am sure that he already has plans to start exporting it already to neighboring countries
It is a tough call and I am sure we will be watching to see if Government will subsidize the Crude oil sold to him to stabilize the price
I sincerely hope Nigerian Entrepreneurs take up the challenge and start looking at setting up industries around the byproduct of crude oil
There are tens of products that can be produced and hopefully the Lagos State Government can collaborate with the Refinery to look at the possibility of generating and distribution of Electricity in Ibeju and Epe in Lagos and also places like Ogun Waterside LGA in Ogun State
If this is done,Nigeria is ready for massive Industrialisation

Did I forget to mention the Coastal road also...

22 Likes 3 Shares

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by mrjoeblinks: 12:03pm On Jun 11
Ehen?
.
If no be say I no get money wetin be refinery wey I no fit set up?

50 Likes 4 Shares

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by Cj4charles(m): 12:03pm On Jun 11
angry

1 Like

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by Metrofox(m): 12:03pm On Jun 11
grin

3 Likes

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by Decentdave(m): 12:03pm On Jun 11
This is how he will keep moving it till 2026
Same story everyday

90 Likes 4 Shares

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by IdJack(m): 12:03pm On Jun 11
It is well with Nigeria.

A lot of people earn a living online, Are you aware? Of course it’s true because I’m a testimony.

DM, call or chat on WhatsApp. Check my signature to Learn more

2 Likes 2 Shares

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by ogolemati: 12:04pm On Jun 11
grin grin grin grin grin grin grin grin ok

3 Likes

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by PUNANI01: 12:04pm On Jun 11
😂 😂 😂 always shifting goal post.

39 Likes

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by Kingpele(m): 12:04pm On Jun 11
No problem we will wait afterall we have waited for a sound refinery over 30 years ago ..few months won't kill us

34 Likes 4 Shares

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by Atuero(m): 12:04pm On Jun 11
Lolz

Endless date

5 Likes

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by olatade(m): 12:04pm On Jun 11
Can he just stop setting dates and keep quiet, make an announcement whenever production starts simple

96 Likes 4 Shares

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by YelloweWest: 12:05pm On Jun 11
Abeg get out!

We are tried of promise and fail from dangote refinery

33 Likes

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by Solofresh2: 12:05pm On Jun 11
Decentdave:
This is how he will keep moving it till 2026
Same story everyday
grin

2 Likes

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by Angelfrost(m): 12:05pm On Jun 11
Haters please relax... Dangote will release products soon.

E no far again... Latest December 2026. cool

22 Likes 1 Share

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by StraightGaay: 12:06pm On Jun 11
Una no wait tire

2 Likes

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by aieromon(m): 12:06pm On Jun 11
Slow and steady to the finish line, Mr Dangote.

1 Like

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by Solofresh2: 12:06pm On Jun 11
Which way

7 Likes 1 Share

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by shidof(m): 12:06pm On Jun 11
[s][/s]
Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by iwaeda: 12:06pm On Jun 11
nathyx:


https://nairametrics.com/2024/06/11/dangote-refinery-moves-date-of-production-of-petrol-from-june-to-mid-july/

July we will still shift like PortHarcourt refinery. Something not completed will start producing. grin grin grin grin

7 Likes

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by oyeb15: 12:06pm On Jun 11
Scam refinery. That's what lead to fuel scarcity last month when he connived with NNPC not to import PMS.

He failed to deliver causing nation wide panic.

8 Likes

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by NiRfreak(m): 12:06pm On Jun 11
if we dont pray hard and loud, this refinery may never work after 8 years of BAT

3 Likes

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by sharpwriter(m): 12:06pm On Jun 11
grin
Kikikikiki.. God help us!

1 Like

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by bigpicture001: 12:07pm On Jun 11
Kenochi:
I sense that Dangote Refinery is waiting for something,the organization is seriously hoping for what I believe is the realistic price of petrol
The truth is Diesel and Aviation Fuel is being sold and it is being given out at between 950 to 1150 for marketers, nobody needs to tell you that Dangote Refinery can't sell below 800 naira to marketers,it is a no brainer
The challenge now is who will pay the difference in price for his petrol,I am sure that he already has plans to start exporting it already to neighboring countries
It is a tough call and I am sure we will be watching to see if Government will subsidize the Crude oil sold to him to stabilize the price
I sincerely hope Nigerian Entrepreneurs take up the challenge and start looking at setting up industries around the byproduct of crude oil
There are tens of products that can be produced and hopefully the Lagos State Government can collaborate with the Refinery to look at the possibility of generating and distribution of Electricity in Ibeju and Epe in Lagos and also places like Ogun Waterside LGA in Ogun State
If this is done,Nigeria is ready for massive Industrialisation

Did I forget to mention the Coastal road also...

It a ploy to diffuse tension nd prevent hoarding and artificial scarcity...he will distribute this month without notice....

1 Like

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by SyrusdeHansome(m): 12:07pm On Jun 11
Wayo country.

4 Likes

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by hisgrace090: 12:07pm On Jun 11
The promise and fail continues.

2 Likes

Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by MaziObinnaokija: 12:07pm On Jun 11
cool No problem. Mid July nor far
Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by fullclub: 12:07pm On Jun 11
The next we will hear is Dabgote has shipped over 1m tones of hco2 a bye product of fuel to France and another to be shipped to China
Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by MorolayoVictor(m): 12:08pm On Jun 11
Again?
Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by MaziObinnaokija: 12:08pm On Jun 11
sad sad
hisgrace090:
The promise and fail continues.
undecided angry undecided HAVE FAITH cool sad wink
Re: Dangote Refinery Moves Date Of Petrol Production From June To Mid-July by SHEREOG: 12:08pm On Jun 11
Story

2 Likes 1 Share

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