First fuel products from Dangote Refinery to be ready by June, says Dangote

Chairman of Dangote  Group, Alhaji Aliko Dangote has disclosed that the first fuel products from the Dangote Refinery will be ready by June 2023.

He disclosed this during the ongoing commissioning of the refinery on Monday in Lagos

He thanked President Muhammadu Buhari for his support through the arduous process that has seen the birth of the refinery.

According to Dangote, the Nigerian National Petroleum Company (NNPC) Limited has pledged its support for the refinery operations.

The Dangote refinery is also targeting 40% of its products’ output for exports.

Speaking further during the refinery commissioning, Dangote said President Buhari has been a great support system. He appreciated the President’s efforts in ensuring the realization of the refinery project saying:

“At times when I felt like giving up, your confidence and quiet words of assurance have been the difference. Mr President, I want to thank you from the bottom of my heart for this encouragement and for making sure that this project is possible.

“Since the beginning of this democratic dispensation, the Lagos state government has been exceptionally remarkable in its commitment and support for the private sector,” he said.

In his industry address, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari said the refinery commissioning is a defining moment for the Nigerian energy industry, noting that energy is not just a business but a vital component of national security.

He highlighted the fact that the refinery can provide refined petroleum products and petrochemicals for the country and the region.

He said: “The benefits will be real and tangible for consumers as well as the economy and the country more generally. This remarkable achievement is not taking place in a vacuum, this extraordinary facility that we see here today is not standing alone, but with the enabling environment that our government continues to provide and we are most grateful for this.

“The reforms that we have undertaken in the Nigerian petroleum industry under the leadership of President Muhammadu Buhari were built around a clear set of principles that anticipate the tremendous changes that will take place in the international energy market in the decades to come.

“NNPCL will continue to support investment in domestic refining to satisfy the growing demand for refined petroleum products in both local and regional markets as against simply exporting crude to diminishing markets overseas.”

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