Dangote Refinery Begins Petrol Exports Amid Local Challenges
Dangote Refinery Begins Petrol Exports Amid Local Challenges
Dangote Refinery Begins Petrol Exports Amid Local Challenges
News summary

Dangote Petroleum Refinery has commenced production of Premium Motor Spirit (PMS) and announced plans to export it if the Nigerian National Petroleum Company (NNPC) and local marketers do not purchase it. Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries, stated that local traders have hindered the sale of their products, prompting the decision to export. The refinery, which has a capacity of 650,000 barrels per day, aims to reduce Nigeria's reliance on imported fuel, but faces challenges in domestic sales due to market blockades. The refinery is also exporting aviation fuel and diesel, and has reported a significant increase in Nigeria's petrol expenditure. Additionally, Dangote's low-sulphur fuel oil exports have primarily gone to Asia and America, although future volumes may decline due to domestic demand issues. The situation highlights the ongoing struggle of Nigeria's oil sector to meet local fuel needs amidst financial constraints and operational challenges for the NNPC.

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