Dangote Refinery Set For Production After Receiving 6m Barrels Of Crude Oil

Date:

Jan 9,2024.

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The 650,000 barrels per day Dangote Petroleum Refinery, on Monday, announced its readiness to commence production of refined petroleum products as it received the final 6th batch of one million barrels of crude oil required by the plant for its initial operations.

The $20 billion worth of refinery disclosed this in a statement issued on Monday.

“Dangote refinery appears set to commence production of refined petroleum products with the receipt of the sixth batch of barrels of crude supplied by the Nigeria National Petroleum Corporation Limited,” he said.

According to the company, fresh one million barrels of crude via MT ALMI SUN was the last cargo to complete the initial scheduled six million barrels consignment to be delivered to the Dangote facility for the commencement of operations by the world’s largest single-train refinery.

Recall that a month ago, the Dangote refinery received the first one million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited, one of the largest trading companies in Nigeria as well as globally, trading in over eight million barrels of crude oil per day.

Since then, the Dangote refinery has received the crude oil in batches, and the 6th batch of one million barrels of Agbami crude was discharged on Monday at the Single Point Mooring at the Dangote Offshore Oil Terminal.

Earlier, the Managing Director of Dangote Ports Operations, Akin Omole, had told journalists at the Dangote Quay, Ibeju-Lekki, Lagos, that the refinery would be in good stead to commence operation once the six million barrels of crude had been delivered.

Omole said, “Once the six million barrels are fully delivered, it will facilitate the initial run of the refinery as well as kickstart the production of diesel, aviation fuel, and Liquefied Petroleum Gas before subsequently progressing to the production of Premium Motor Spirit.”

This latest development will play a pivotal role in alleviating the fuel supply challenges faced by Nigeria and the West African countries.

Dangote Petroleum Refinery, if operational, can meet 100 per cent of Nigeria’s requirement of all refined products, gasoline, diesel, kerosene, and aviation jet, and has a surplus of each of these products for export, according to the company.

President Bola Ahmed Tinubu, in his New Year broadcast to Nigerians, hinted that the Port-Harcourt and Dangote refineries are expected to kickstart operations in January 2024.(www.naija247news.com)

Peter Okafor
Peter Okaforhttp://Naija247news.com
Peter Okafor Financial Journalist | Editor | Contributor Overview: Peter Okafor is a seasoned Financial Journalist, astute Editor, and valued Contributor at Naija247news Media Group. With an unwavering passion for dissecting complex financial landscapes, Peter has become a trusted name in delivering incisive and insightful coverage of economic events, market trends, and corporate dynamics. Professional Journey Peter's journey in financial journalism has been marked by a commitment to excellence. Joining the ranks of Naija247news, he has consistently demonstrated a keen understanding of the intricate interplay between finance and the global socio-economic fabric. Expertise: Specializing in financial markets, economic analyses, and business developments, Peter Okafor has honed his expertise over the years. His ability to unravel intricate financial narratives and present them in a comprehensible manner sets him apart in the world of financial journalism. Contributions As an Editor and Contributor, Peter has played a pivotal role in shaping the narrative of Naija247news. His contributions extend to thought-provoking articles, in-depth market analyses, and coverage of key events that impact the financial landscape. Educational Background: Peter holds a degree in Journalism, complemented by specialized courses in Finance and Business Reporting. His educational foundation has provided him with the tools to navigate the intricate world of financial journalism. Innovation and Adaptability: In an era of evolving media landscapes, Peter Okafor exemplifies innovation and adaptability. Leveraging digital platforms and emerging technologies, he ensures that financial insights reach a diverse audience, fostering financial literacy and awareness. Awards and Recognition: Peter's commitment to journalistic excellence has not gone unnoticed. He has been the recipient of several awards, recognizing his outstanding contributions to the field of financial journalism. Vision for the Future: Looking ahead, Peter Okafor envisions a future where financial journalism continues to empower individuals, shape economic policies, and drive positive change. His dedication to staying at the forefront of financial news underscores his commitment to this vision. Connect with Peter Okafor: - LinkedIn: [Peter Okafor](#) - Twitter: [@PeterOkafor_N247](#) In the dynamic realm of financial journalism, Peter Okafor stands as a stalwart, combining experience, expertise, and a forward-looking vision to illuminate the path of financial understanding for a global audience.

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