Dangote Refinery Has Commenced Supplying Diesel And Jet Fuel to The Local Market
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Nigeria’s Dangote oil refinery has commenced supplying petroleum products to the local market, marking a significant milestone in the country’s quest for energy self-reliance.
A company executive and fuel marketing associations confirmed this development. It is worth noting that Nigeria, a prominent oil-producing nation, has historically faced the challenge of exporting crude oil for refining and subsequently re-importing refined products.
Therefore, Dangote refinery aims to bridge this gap. Devakumar Edwin, an executive at Dangote Group, affirmed the arrival of diesel and jet fuel shipments in the local market.
He said,
“We have substantial quantities. Products are being evacuated both by sea and road. Ships are lining up one after another to load diesel and aviation jet fuel. Ships load a minimum of 26 million liters, though we try to push for 37 million liters vessels, for ease of operations.”
Abubakar Maigandi, head of the Independent Petroleum Marketers Association of Nigeria, said that local oil marketers reached an agreement on the price of diesel at 1,225 naira ($0.96) per liter following a bulk purchase deal.
He further noted that the association’s members oversee about 150,000 retail stations throughout Nigeria.
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