The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the Dangote Refinery will begin supplying 25 million liters of petrol daily to the Nigerian market starting in September, 2024.
The refinery, which has a capacity of 650,000 barrels per day and was built at a cost of $20 billion, is expected to increase its supply to 30 million liters per day by October.
According to the NMDPRA, an agreement was reached with the Nigerian National Petroleum Company Limited (NNPCL) to supply crude oil to the refinery in local currency during a meeting in Abuja on Tuesday.
The regulatory authority stated that the refinery is now ready to supply an initial 25 million liters of petrol into the domestic market this September, marking a significant milestone in Nigeria’s petroleum industry.
The daily supply of petrol from the Dangote Refinery is slated to increase to 30 million liters from October 2024, a boost to Nigeria’s fuel supply landscape.
As one of the largest refineries in Africa, the Dangote Refinery is poised to make a significant impact in addressing Nigeria’s long-standing fuel supply challenges and reducing the country’s reliance on imported petrol.
