Dangote Refinery Secures License To Refine Over 300,000 Barrels Of Crude Daily

Aliko Dangote says the Dangote refinery has secured a license to refine more than 300,000 barrels of Nigerian crude per day and will begin to process petrol “soon”.

VerseNews reports that Dangote said this in an interview on Saturday in Riyadh on the sidelines of the Saudi-Nigeria business roundtable.

“We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” the billionaire told Bloomberg.

“We’re more than ready and you will see our gasoline products soon.”

Speaking on the commencement of operations of the refinery, Dangote said the refiner will start producing “very very soon”.

He said the refinery’s first priority is to supply petrol to Nigeria before exporting to elsewhere, including the West African region.

Dangote said the 650,000 barrel-a-day facility — which is expected to produce 27 million litres of diesel, 11 million litres of kerosene and 9 million litres of jet fuel — will receive crude from other producers in Nigeria, as well as the country’s state oil company.