Connect with us

Business

Dangote Refinery Seeks FG’s Approval To Flood Market With Diesel, Aviation Fuel

The refined products are currently stored in the refinery’s storage tanks while awaiting approval.

Published

on

Dangote's Diesel Price
Dangote Refinery

The Dangote Petroleum Refinery has sought the approval of the Federal Government to hit the domestic market with diesel and aviation fuel.

VerseNews learnt that the approval is expected from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, which is responsible for the regulation of midstream and downstream petroleum operations in Nigeria.

The refined products are currently stored in the refinery’s storage tanks while awaiting approval.

Advertisement

In a statement, the company stated: “We have started the production of diesel and aviation fuel, and the products will be in the market within this month once we receive regulatory approvals.

“This is a big day for Nigeria. We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects. This is a game changer for our country, and I am very fulfilled with the actualisation of this project.

“The refinery has so far received six million barrels of crude oil at its two SPMs located 25 kilometres from the shore. The first crude delivery was done on December 12, 2023, and the 6th cargo was delivered on January 8, 2024.

Advertisement

“The Refinery can load 2,900 trucks a day at its truck-loading gantries. The products from the Refinery will conform to Euro V specifications. The refinery design complies with the World Bank, US EPA, European emission norms, and Department of Petroleum Resources (DPR) emission/effluent norms.

“I must extend our sincere appreciation to our Bankers and financiers, both local and offshore, who demonstrated a great deal of patience, in seeing us through many difficult times. In the same vein, we thank the Government of Lagos State, under the leadership of Babajide Sanwo-Olu, who has been incredibly proactive in ensuring that the many challenges we encountered in the course of executing this project were quickly resolved. I thank him immensely.”

“I also sincerely thank our host communities and their Traditional leaders for their sustained patience, forbearance, and admirable willingness to work with us to find amicable and win-win resolutions to the many issues we have had to deal with as the construction of this huge facility progressed. Our staff have also contributed so immensely to the success of this project. I thank them profusely.”

WhatsAppCOnnect

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

Nnamdi Kanu Nnamdi Kanu
News9 hours ago

BREAKING: Federal High Court Fixes Date to Deliver Judgement in Nnamdi Kanu’s Terrorism Case

The Federal High Court in Abuja has fixed November 20 for judgement in the terrorism case involving Nnamdi Kanu, leader...

anambra anambra
Politics9 hours ago

Calm Returns to Anambra as INEC Completes Final Preparations for Governorship Election

After days of tense political campaigns and security concerns, a calm atmosphere has returned to Anambra State as residents gear...

otti nysc otti nysc
Education9 hours ago

BREAKING: Abia State Governor Alex Otti Raises ‘Corpers’ Allowance from ₦4,000 to ₦50,000

Abia State Governor, Alex Otti, has approved a massive increment in the monthly allowance of National Youth Service Corps (NYSC)...

kanu in court kanu in court
News9 hours ago

‘Don’t Try That Rubbish!’ — Nnamdi Kanu Shoves DSS Officer in Tense Abuja Court Scene

A mild drama broke out at the Federal High Court in Abuja on Friday when IPOB leader, Nnamdi Kanu, engaged...

G5JNjr7akAAMmgL G5JNjr7akAAMmgL
Sports12 hours ago

Arteta Snubbed for Manager of the Month as Man United’s Ruben Amorim Wins Despite Arsenal’s Perfect October

Despite guiding Arsenal to a flawless, goal-free October, Mikel Arteta has been overlooked for the Premier League Manager of the...

mbeumo mbeumo
Sports13 hours ago

‘Unstoppable!’ Bryan Mbeumo Named Premier League Player of the Month After Electrifying October Run

Manchester United forward Bryan Mbeumo has been crowned Premier League Player of the Month for October..

Tinubu and Trump Tinubu and Trump
News13 hours ago

‘It’s Not About Christians’: Professor Reveals the Real Reasons Behind Trump’s Threat to Invade Nigeria

Retired University of Lagos Professor of Sociology, Lai Olurode, has dismissed U.S. President Donald Trump’s recent threat of military action...

Michael Freeman Michael Freeman
News13 hours ago

‘Genocide in Nigeria’ – Israel Sends a ‘Subtle Warning’ Wrapped in a Call for Peace

At an interfaith gathering in Abuja, Israel’s Ambassador to Nigeria urged Nigerians to rediscover unity through dialogue and empathy...

Genocide in Nigeria Genocide in Nigeria
News15 hours ago

APC’s Adamu Garba Backs Trump’s ‘Genocide in Nigeria’ Claim, Gives More Exposition (VIDEO)

All Progressives Congress (APC) chieftain, Adamu Garba, has supported U.S. President Donald Trump’s recent remarks alleging an ongoing genocide in...

Nwabalis injury Nwabalis injury
Sports15 hours ago

We’ll Bring It Home’: Nwabali Confident Super Eagles Will Win 2025 AFCON in Morocco

Super Eagles goalkeeper Stanley Nwabali says Nigeria has learned from past mistakes and is ready to win the 2025 Africa...

Advertisement