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Dangote says products from refinery will be available from July
Aliko Dangote, the chairman of the Dangote Group, has stated that the market will receive the first shipment of petroleum products from the refinery before the end of July.
Speaking on Monday during the commissioning of the integrated refinery facility, which is situated in the Lekki free trade zone region of Lagos State, Dangote called it a turning point in the downstream oil and gas industry of Nigeria.
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He said, “It is our firm commitment that we will replicate in this sector what we have actually achieved in the cement and fertilizer markets while Nigeria transformed from being the largest importer of these crude products to a net exporter,” he said.
“Our first goal is to ramp up projections of various production to ensure that within this year, we are able to fully satisfy our nation’s demand for higher quality products to enable us to eliminate the tragedy of import dependency and stop, once and for all, the dumping in our market of toxic substandard petroleum products.
“Our first products will be in the market before the end of July, beginning of August this year.”
He added that the refinery will run at the highest capacity utilisation and the highest efficiency to enable the refinery to export competitively to other markets.
The refinery set up to refine 650,000 barrels of crude oil per day transforms crude oil into different petroleum products such as diesel, gasoline, jet fuel and kerosene.
The refinery will generate polypropylene, jet fuel and petrol and diesel of Euro-V standard.
According to the company, the facility was built to handle a wide range of crudes, including many Middle Eastern and African crudes as well as US (United States) Light Tight Oil.
