Dangote Refinery will begin refining petrol by November 30, 2023, and diesel and jet fuel operations by October 2023.
This is according to its group’s executive director Devakumar Edwin in an interview with S&P Global Commodity Insights on Monday.
Edwin added that the refinery would receive its first crude cargo in two weeks’ time and would begin producing up to 370,000 barrels per day of diesel and jet fuel in October 2023.
Furthermore, Edwin pointed out that the refinery would initiate a gradual increase in petrol production, aiming to reach an impressive 650,000 barrels per day by November 30. He emphasised the refinery’s readiness to receive crude oil, stating, “Right now, I’m ready to receive crude. We are just waiting for the first vessel. And so, as soon as it comes in, we can start.”
Regarding the shift in the original timeline, Edwin clarified, during his conversation with S&P, that the Nigerian National Petroleum Corporation Limited had already committed their crude oil to another entity on a forward basis, causing a temporary delay. He said that the setback is momentary, and the refinery would soon run exclusively on Nigerian crude oil as of November 2023.