Dangote to refine more than 300,000 barrels of crude daily

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Aliko Dangote has said that the Dangote Refinery has secured a licence to refine more than 300,000 barrels of Nigerian crude per day and will begin to process petrol soon.

Dangote said this in an interview on Saturday in Riyadh on the sidelines of the Saudi-Nigeria business roundtable.

“We don’t want to start our refinery with foreign goods; we want to start with the Nigerian crude,” the billionaire told Bloomberg. “We’re more than ready and you will see our gasoline products soon.”

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Speaking on the commencement of operations at the refinery, Dangote said the refinery will start producing “very, very soon.”

He said the refinery’s first priority is to supply petrol to Nigeria before exporting elsewhere, including the West African region.

Dangote said the 650,000 barrel-a-day facility, which is expected to produce 27 million litres of diesel, 11 million litres of kerosene and nine million litres of jet fuel, will receive crude from other producers in Nigeria as well as the country’s state oil company.

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