The Dangote Petroleum Refinery has reaffirmed its capability to ensure regular gas provide, value stability and long-term vitality safety for Nigeria, noting that sustained home refining has considerably improved product availability, high quality and market confidence throughout the nation.
The refinery disclosed that it has constantly equipped over 50 million litres of Premium Motor Spirit (PMS) and different refined petroleum merchandise each day in latest months, a improvement it stated has helped eradicate gas shortage and stabilise the downstream market, notably in periods of excessive demand.
Talking throughout a media engagement in Lagos, the Managing Director and Chief Government Officer of Dangote Refinery, David Fowl, stated the ability’s scale, design and operational flexibility allow it to take care of excessive output even when particular person processing items endure deliberate upkeep.
“With its scale, complexity, effectivity and product high quality, the refinery is nicely positioned to compete globally whereas assembly Nigeria’s home wants. This funding basically adjustments Nigeria’s vitality, industrial and {economic} panorama,” Fowl stated.
Based on him, the refinery operates a 24-hour loading system with the capability to evacuate over 1,000 vans each day, making certain uninterrupted nationwide distribution of petroleum merchandise. He famous that each day offtake has on a number of events exceeded 52 million litres, reflecting sturdy market demand and improved logistics effectivity.
The refinery additionally said that Nigeria is now consuming world-class fuels that meet Euro V specs, marking a transparent departure from the period of substandard gas imports. It added that exports of Nigerian-refined petrol to Europe and jet gas to the Center East underscore the standard, effectivity and international competitiveness of regionally refined merchandise.
On pricing, the refinery famous that elevated home refining capability has helped cushion Nigeria from excessive volatility in international crude oil and refined product markets, contributing to comparatively steady pump costs regardless of worldwide value fluctuations. It additional highlighted the crude-for-naira association as a strategic intervention supporting overseas trade conservation and naira stability.
Wanting forward, the refinery stated it’s progressing plans for a serious enlargement anticipated to be accomplished inside three years, alongside rising investments in petrochemicals, together with polypropylene, base oils and liquefied petroleum gasoline (LPG).
It additionally confirmed preparations to record a portion of the refinery, permitting Nigerians to take part straight in its possession, describing the venture as a continent-building industrial funding able to driving import substitution, creating expert jobs and anchoring long-term {economic} progress.