1. Home
  2. Stories
  3. Industry
  4. Petroleum

Dangote Refinery ousts first petroleum products

Peter 4th Sep, 2024 Industry Business Edge Reporter
Dangote Refinery ousts first petroleum products

The new Dangote oil refinery will supply a total of 25 million litres of petrol to the Nigerian market daily.


Nigeria's Dangote Oil Refinery has begun processing gasoline after delays caused by recent crude shortages, an executive said on Monday.

The $20 billion refinery on the outskirts of Lagos, built by Nigerian billionaire Aliko Dangote, began operations in January with output of products including naphtha and jet fuel.

With a capacity of 650,000 barrels per day, Africa's largest refinery promises to ease oil producer Nigeria's costly reliance on imported oil products, Reuters reported on Tuesday.

  • "We are testing the product (gasoline) and subsequently it will start flowing into the product tanks," said Devakumar Edwin, a vice president at Dangote Industries Limited. He did not say exactly when the gasoline would hit the local market.

Edwin said state-oil firm NNPC Ltd, Nigeria's sole importer of gasoline, would buy its gasoline exclusively.

"If no one is buying it, we will export it as we have been exporting our aviation jet fuel and diesel," Edwin said. The Dangote oil refinery will supply a total of 25 million litres of petrol to the Nigerian market daily, according to press reports in Nigeria.

  • The Nigerian Midstream and Downstream Petroleum Regulatory Authority disclosed on Tuesday that this would rise to 30 million litres in the coming weeks.
Dangote Refinery ousts first petroleum productsThe $20 billion refinery is owned by Nigerian billionaire Aliko Dangote.

“The refinery is now poised to supply an initial 25 million litres of PMS into the domestic market this September. And will subsequently increase this amount to 30 million litres daily from October 2024,” the NMDPRA said on its X page.

The delivery of gasoline into the Nigerian market will ease NNPC's struggle to supply the local market. The company is reeling with debts of $6 billion to oil traders for supplies since January.

This has affected its ability to supply the local market where fuel queues have persisted since July.

Nigeria is Africa's top oil producer yet it imports almost all its fuel due to years of neglect of its national refineries.

  • The development of local gasoline production by Dangote Oil Refinery would thus reduce Nigeria’s dependence on fuel imports, thereby improving its energy security.

Similar Posts You May Like 

  • MTN Youth Skilling Program: Irene Nandyose turns hobby into a thriving business

    MTN Youth Skilling Program: Irene Nandyose turns hobby into a thriving busin..

    Irene Nandyose, a business administration graduate from Makerere University Kampala loved knitting and crocheting during her free time on campus. And it is through this exercise that a business idea was hatched. But the business idea was only implemented in 2020 following training under the MTN ..

  • MTN Uganda unveils the second phase of MTN Ace Tech as 20 enterprises are selected to take part in the program

    MTN Uganda unveils the second phase of MTN Ace Tech as 20 enterprises are se..

    Wednesday 31 st May 2023 Kampala, Uganda- MTN Uganda has unveiled the second phase of MTN ACE-Tech known as the MTN Ace-Tech-Incubation program aimed at equipping enterprises with skills needed to successfully spur growth of their businesses. This follows conclusion of the MTN Ace-Tech's first ph..

  • President commissions fruit processing factory in Nakasongola

    President commissions fruit processing factory in Nakasongola..

    President Yoweri Kaguta Museveni commissioned Kike Tropical Fruits Limited, an extraction and refinery plant. Situated in Kakooge, Nakasongola District, the factory deals in fruit processing. During the commissioning, the President thanked Mr. Francis Mugabe, the proprietor of the factory and his f..

  • Protect Local Industries Museveni

    Protect Local Industries Museveni..

    President Yoweri Kaguta Museveni has said that the government will continue protecting local manufacturers from unfair competition..

  • Mbale Industrial Park Development Takes Off

    Mbale Industrial Park Development Takes Off..

    The Uganda Investment Authority (UIA) has handed over the Mbale Industrial and Business Park site to China Railway Number 3 Group for the design and building of key infrastructure like tarmac roads and water and sewerage systems...

  • Kiira Motors seeks UGX524 billion to fund 5-year plan

    Kiira Motors seeks UGX524 billion to fund 5-year plan..

    Kiira Motors Corporation, a budding indigenous vehicle building enterprise, has presented a UGX524 billion proposed business investment budget to the Presidential Affairs Committee of Parliament. It was contained in the Ministerial Policy Statement, and Budget Estimates for the FY 2024/2025. ..

  • Manufacturers task Gov't, banks on high interest rates

    Manufacturers task Gov't, banks on high interest rates..

    The Government wants commercial banks to lower the interest rates they charge manufacturers so as to stimulate growth in the sector, but banks also insist that the Government has an important role to play. ..

  • Expectations high as UNBS gets hi-tech executive director

    Expectations high as UNBS gets hi-tech executive director..

    Mr. James N. Kasigwa has been named the new executive director of the Uganda National Bureau of Standards (UNBS) following an appointment by the Minster of Trade, Industry and Cooperatives, Francis Mwebesa...

  • Ugandan innovation wins UGX70m engineering prize

    Ugandan innovation wins UGX70m engineering prize..

    An innovation by Mr. Martin Tumusiime and his friends has won 15,000 British Pounds (about UGX70 million) from the Royal Academy of Engineering’s Prize for Innovation, at a ceremony held in Nairobi yesterday...

  • Museveni assents to Free Zones Authority, Exports Board merger

    Museveni assents to Free Zones Authority, Exports Board merger..

    The new law that merges the Uganda Free Zones Authority with the Uganda Exports Promotions Board is one of the Acts that have been assented to by the President...

  • Minister cautions entrepreneurs on informality

    Minister cautions entrepreneurs on informality ..

    Entrepreneurs have been urged to formalize their business ventures if they are to benefit from financial services providers and expand their businesses...

  • Turkish, Chinese investors in trouble over wetlands

    Turkish, Chinese investors in trouble over wetlands..

    The Standards Utilities and Wildlife Court has sentenced Kerim Ray, a Turkish investor and Director of Yamani Construction Limited, to pay a fine of UGX200 million, following his conviction for degrading a wetland in Mukono District...

  • Uganda Breweries invests UGX32 Bn on farmers

    Uganda Breweries invests UGX32 Bn on farmers..

    Uganda Breweries Limited (UBL) has reported a 12% net sales growth in the last financial year, driven by the success of premium beer brands like Guinness and Uganda Waragi. ..

  • Uganda extends oil exploration to Karamoja

    Uganda extends oil exploration to Karamoja..

    Uganda is stepping up exploration in the Moroto-Kadam and Lake Kyoga basins, aiming to boost its reserves to 6.5 billion barrels of oil, a strategic move to solidify its position in the energy industry. ..

  • UMA international trade fair set for October 2

    UMA international trade fair set for October 2..

    The Uganda Manufacturers Association (UMA) has officially launched the 30th Uganda International Trade Fair, set to take place from October 2 -10 at the UMA showgrounds at Lugogo, under the theme; "Celebrating 30 Years of Industrial Excellence." ..

Most Recent

Popular Links