Dangote Refinery, with an estimated cost of $19 billion, has received its third crude oil supply of one million barrels, reinforcing its goal of ending the importation of petroleum products.
Lifestyle Nigeria reports that the recent delivery, sourced from Shell International Trading and Shipping Company Limited (STASCO), contributes to a total of approximately three million barrels received by the refinery.
Dangote Refinery has concluded plans to start the refining of diesel and aviation fuel by Mid- January 2024, adding that the refining of Premium Motor Spirit, PMS will follow later.
The refinery has a processing capacity of 650,000 barrels per day aims to meet 100 percent of Nigeria’s domestic demand for various petroleum products including gasoline, diesel, kerosene, aviation jet as well as export to the global market.
Chairman Aliko Dangote confirmed the refinery’s goal to be fully operational, processing 650,000 barrels per day by the end of 2024.
He had said: “We do not want to start our refinery with foreign goods; we want to start with Nigerian crude. We’re more than ready and you will see our gasoline products soon.”
He said the coming on stream of the refinery will create many multiplier effects, especially jobs, suppliers, capacity building, empowerment and technology transfer to Nigerians.