1 week ago
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Dangote Oil Refinery is on track to achieve full operational capacity within the next 30 days, according to Edwin Devakumar, Dangote Group’s Vice President for Oil and Gas.
The 650,000-barrel-per-day facility, built by Nigerian billionaire Aliko Dangote in Lagos, began processing crude into diesel, naphtha, and jet fuel in January last year and started refining petrol in September.
Currently operating at 85% capacity, the refinery is poised to scale up further. “We can go 100 percent in 30 days,” Devakumar stated on Monday.
Despite an agreement with the Nigerian government to purchase crude in naira, the refinery struggled last year to secure adequate local supply, leading it to import crude. In response, Nigeria’s oil regulator has mandated that local oil producers supply 550,000 bpd to the refinery between January and June, warning that export permits would be blocked for producers failing to meet quotas.
Meanwhile, Dangote Refinery is actively exploring global markets for its refined products. Aliko Dangote recently revealed that the refinery had dispatched two cargoes of jet fuel to Saudi Aramco as part of its expansion strategy.
“We are looking at all the markets right now,” Devakumar confirmed.
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