The Dangote refinery is reportedly undergoing test runs for Premium Motor Spirit or petrol production, with full operation expected by mid-September.
A report which quoted industry monitor IIR Energy.said the the 650,000-barrel-per-day refinery have had series of delays in kickstarting operations but hopeful of the September new date.
The $20bn refinery built by Aliko Dangote, once fully operational, would open the Europe-to-Africa fuel trade and reduce Nigeria’s reliance on imported refined products.
Earlier in the month, the Federal Government’s committee which was set up to ensure the implementation of crude oil sales to local refineries in naira, had reached an agreement with the Dangote Petroleum Refinery for the rollout of petrol in September this year.
The report stated that the Federal Government also disclosed that the sale of crude oil to Dangote Refinery and other local refineries will commence on October 1, 2024.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this during a meeting with the Implementation Committee in Abuja.
Also at the meeting, the Executive Chairman of the Federal Inland Revenue Service, Dr Zacch Adedeji, and the Chairman of the Technical Sub-Committee reported that “The first PMS delivery from Dangote is expected next month under existing agreements.”
