Dangote Refinery: Group Announces Operations to Begin by October - The Top Society

Dangote Refinery: Group Announces Operations to Begin by October

By - Blessing Emmanuel


Executive Director of Dangote Group, Devakumar Edwin said the recently completed refinery would officially begin operation by October 2023. Starting with the refining and distribution of diesel and jet fuel and by November 30, it would incorporate fuel refining and distribution.

Speaking in an interview with S&P Global Commodity Insights on Tuesday September 18, Mr. Edwin announced that the very first cargo of crude would arrive the refinery in the next two weeks. He added that upon resumption in October, the refinery would be producing up to 370,000 barrels of diesel and fuel jet per day. When they begin fuel production in November, the refinery world de producing up to 650,000 barrels per day.


He said:

Right now, I’m ready to receive crude,” said Edwin, who previously ran Dangote Cement. “We are just waiting for the first vessel. And so as soon as it comes in, we can start.” 

Mr. Edwin Emphasized that the oil refined at the Dangote Refinery would be purchased in dollars, not Naira, although at a less expensive price due to its equity stock. This decision,  according to him, is because the refinery is situated in a free zone, an outskirt of Lagos.

He balanced the statement by saying that the proceeds from the refinery would be reinvested in the country. He added that the refinery would establish a reliable supply of “environmentally friendly” refined products that would attract influx of foreign investors into the country.

Edwin also hinted that the Dangote refinery can process most African crudes, apart from heavy Angolan grades as well as Middle Eastern Arab Light and US light tight oil.

“We can take even some of the Russian grades… if the global system opens up to allow us to receive them. Basically, if you look at our production profile, 50% of my production will meet 100% of the requirements of the country. 

“Excess gasoline – which will be 10 ppm sulfur Euro 5 quality — will be exported to other African markets as well as the US and South America, although the volumes will be relatively small. Meanwhile, jet fuel will be exported to Europe and diesel will be sold in sub-Saharan Africa,” Edwin stated.

The Dangote refinery would also ease the fuel supply crisis in Nigeria and other import-dependent West African countries.

Don’t miss out on: JUST IN: Truck Kills Suspected FUOYE Students and Bike Rider

Recall that Nigeria recently removed fuel subsidy, leading to a hardship in the country and thriving illicit market for gasoline amid price fluctuations.

Read also: Dangote Cement Debunks Price Inflation

For Publication of Press Releases, Statements and Adverts Enquiries


E-mail: topsocietyonline@gmail.com


WhatsApp:  +44 7823 609683

+234 (0) 816 669 1570

Tel:/WhatsApp: +234 (0) 909 066 4971

Follow us on all our society media handles

Twitter:  @topsocietylive

Facebook: @topsocietylive

Instagram: @topsoceitylive

YouTube:  @topsocietylive

TOP SOCIETY  …we got the news

Share this Article
Leave a comment