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    MarketForces Africa » MarketForces News » Dangote Petroleum Refinery Begins Production of Diesel, Aviation Fuel – Official

    Dangote Petroleum Refinery Begins Production of Diesel, Aviation Fuel – Official

    Julius AlagbeBy Julius AlagbeJanuary 13, 2024 News No Comments3 Mins Read
    Dangote Petroleum Refinery Begins Production of Diesel, Aviation Fuel – Official
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    Dangote Petroleum Refinery Begins Production of Diesel, Aviation Fuel – Official

    Dangote Petroleum Refinery has commenced production of diesel and aviation fuel.

    Mr Anthony Chiejina, Group Head, Corporate Communications, Dangote Group, confirmed this in a statement on Friday in Lagos.

    Chiejina quoted the President of Dangote Group, Alhaji Aliko Dangote, to have elatedly thanked President Bola Ahmed Tinubu for his support, encouragement and thoughtful advice towards the actualisation of this project.

    Dangote also thanked the Nigerian National Petroleum Company Ltd., the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Nigerians for their support and belief in the historic project.

    According to him, “We thank President Tinubu for his support and for making our dream come true.

    “This production, as witnessed today, would not have been possible without his visionary leadership and prompt attention to details.

    “His intervention at various stages cleared all impediments, thereby accelerating the actualisation of the project.

    “We also thank the NNPCL, NUPRC and NMDPRA for their support.

    “These organisations have been our dependable partners in this historic journey.

    “We also thank Nigerians for their belief and support in this project,” he said.

    Dangote said: “We have started the production of diesel and aviation fuel, and the products will be in the market before the end of the month.

    “This is a big day for Nigeria. We are delighted to have reached this significant milestone.

    “This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects.

    “This is a game changer for our country, and I am very fulfilled with the actualisation of this project.

    “The refinery has so far received six million barrels of crude oil at its two SPMs located 25 kilometres from the shore.

    “The first crude delivery was done on Dec. 12, 2023, and the 6th cargo was delivered on Jan. 8, 2024,” he added.

    He said that the refinery can load 2,900 trucks a day at its truck-loading gantries.

    He added that the products from the refinery will conform to Euro V specifications.

    Dangote boss said that the refinery design complies with the World Bank, US EPA, European emission norms, and Department of Petroleum Resources (DPR) emission/effluent norms. State-of-the-art technology.

    “I must extend our sincere appreciation to our Bankers and financiers, both local and offshore, who demonstrated a great deal of patience, in seeing us through many difficult times.

    “In the same vein, we thank the Government of Lagos State, under the leadership of Babajide Sanwo-Olu, who has been incredibly proactive in ensuring that the many challenges we encountered in the course of executing this project were quickly resolved.

    “I thank him immensely.  Naira Rises by 19% as Forex Market Pressures Ease

    “I also sincerely thank our host communities and their traditional leaders for their sustained patience, forbearance, and admirable willingness to work with us to find amicable and win-win resolutions to the many issues we have had to deal with as the construction of this huge facility progressed.

    “Our staff have also contributed so immensely to the success of this project. I thank them profusely,” Dangote added.

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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