Dangote Refinery's daily production

The President/Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, said on Wednesday that petrol  otherwise known as Premium Motor Spirit (PMS) would gulp at least 53% of Dangote Refinery’s total daily production.

Dangote disclosed this during a visit to the Nigerian National Petroleum Corporation (NNPC) headquarters in Abuja.

READ MORE: NNPC’s new boss promises to fix national refineries by 2023

In a statement issued by NNPC’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, Dangote was quoted  as saying that the group is not in competition with the Corporation  as the Dangote Refinery looks forward to production of 650,000 barrels of crude oil per day (bpd), while NNPC’s consolidated four refineries produce 445,000 bpd.

Aliko Dangote pictured with Mele Kyari
L-R: President, Dangote Group, Aliko Dangote, and NNPC GMD, Mele Kyari

What this news mean: The 53% daily production of petroleum translates to 344,500 barrels of its projected 650,000 bpd refining capacity.

Prior to this development, as work is ongoing to meet the 2020 date set for commencement of Dangote Refinery production, China Petroleum & Chemical Corporation said it had shipped a piece of vital equipment to be installed at the refinery.

According to the company,  also known as Sinopec Corporation, the equipment, ‘atmospheric tower’, is the world’s largest. The Chinese oil and gas company based in Beijing, China, didn’t reveal when the equipment is expected to reach Nigeria.

 

READ ALSO: Nigeria’s crude oil output exceeds benchmark as daily production hit 2.323 million barrels

Deal book 300 x 250

The Dangote Refinery when completed will be the largest in Africa. It is expected to produce an average of 650,000 barrels per day.

According to Dangote, the refinery which would cost between $12 and $14 billion will be completed in 2019, with the commencement of production slated for 2020.

 

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

1 COMMENT

  1. What is the Nigeria government doing about license more private company to established more refinery and petrochemical company in Nigeria.

    I strongly believe with this the importation of petroleum product will be forgotten and thousands of new Jobs will be created and subsidy more paying to an individual we be channel for healthcare, Education, water, Housing, road network etc.

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