Dangote Refinery has reiterated its commitment to ensuring uninterrupted domestic supply of premium petrol and improving energy security in Nigeria, maintaining that the era of fuel scarcity and unstable imports is increasingly behind the country following the removal of subsidy and gradual shift to local refining, reports ITREALMS.
“Dangote Refinery delivers world-class fuels meeting Euro V specifications to the Nigerian market, marking a decisive shift from the era of substandard imports. Our ability to export refined petrol to Europe and jet fuel to the Middle East underscores the quality and global competitiveness of our products,” Bird said.
He added that the refinery’s engineering design and operational flexibility make it possible to maintain steady production output even during maintenance cycles, thereby improving supply predictability. The facility currently operates a round-the-clock loading system with the capacity to evacuate more than 1,000 trucks daily. At peak, deliveries have exceeded 52 million litres per day, reflecting both strong market demand and logistics stabilisation.
Bird noted that domestic refining has already moderated exposure to global price volatility, helping keep pump prices relatively stable despite fluctuations in international crude markets. He cited the crude-for-naira supply model as one of the strategic tools used to reduce pressure on foreign exchange and support the naira.
He further disclosed that a major expansion phase is planned within three years, including new investments in petrochemicals such as polypropylene, base oils and liquefied petroleum gas (LPG). According to him, preparations are also underway for a partial listing of the refinery on the Nigerian Exchange (NGX), which will allow Nigerians to acquire equity and participate in the long-term growth of the company.
Describing the project as a “continent-building investment,” Bird praised the Dangote Group for converting what he called “an undeveloped part of Lagos into what has the potential to become a world-scale industrial hub.”
“We’re not just a traditional refinery. Thanks to Alhaji Aliko Dangote’s vision, we have the infrastructure to operate as a complete merchant refining, blending and trading platform. Our feedstock is 100% seaborne, giving us flexibility to process a wide variety of Nigerian and international crude grades,” he said.
With stabilisation ongoing, Bird said output levels in the second half of 2025 consistently exceeded 50 million litres per day across different products, adding that the focus is now on scaling further to meet domestic demand and position Nigeria as a net exporter to regional markets.
Industry analysts say the refinery’s performance has implications for energy policy, currency stability, industrialisation and downstream competition, particularly in West and Central Africa where refined products remain scarce and high-cost.
No comments:
Post a Comment