Sub-Saharan Africa’s largest petrochemical complex, the $20 billion Dangote Oil Refinery owned by billionaire Aliko Dangote, is attracting the interest of seven oil traders who have signed up to distribute fuel in Nigeria.
Oil traders include Conoil Plc, run by the telecommunications and oil billionaire. Mike Adenuga11 Plc, OVH Energy Marketing, Total Nigeria Plc, NNPC Retail, Ardova Plc (formerly owned by Femi Otedola) and MRS Oil (majority owned by Sayyu Dantatathe half-brother of Aliko Dangote).
The traders, affiliated to the Major Oil Marketers Association of Nigeria (MOMAN), registered with the refinery for the lifting and distribution of refined petroleum products. Dealers confirmed on Sunday their intention to begin distribution of fuel produced by the mega refinery once commercial terms are finalized.
Dangote Oil Refinery’s Euro V grade diesel and aviation fuel attracts industry interest
This development follows the start of production of automotive diesel (diesel) and JetA1 (aviation fuel) at the Dangote oil refinery. According to recent statements from the refinery, the products meet Euro V specifications.
In addition to MOMAN’s decision, the Independent Petroleum Marketers Association of Nigeria (IPMAN) announced plans to meet with refinery management this week to discuss product loading conditions. Similarly, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has contracted with the refinery for the supply of products from the facility.
Dangote commends President Tinubu and partners for their visionary support during historic production launch
Aliko Dangote, chairman of the Dangote Group, Africa’s most diversified manufacturing conglomerate, expressed his gratitude to Nigerian President Bola Tinubu for his unwavering support, calling the launch of the production a testament to Tinubu’s visionary leadership.
Dangote thanked bankers, financiers, the Lagos State government led by Babajide Sanwo-Olu, as well as the host communities and their traditional rulers for their support.
Dangote Oil Refinery: Powering Nigeria’s Future with 650,000 Barrels Capacity
The Dangote Oil Refinery, with a world record capacity of 650,000 barrels per day, aims to meet 100% of Nigeria’s demand for refined petroleum products, including gasoline, diesel, kerosene and jet fuel.
Despite initial operational delays, the facility is now able to fulfill its commitment to supply gasoline to the country, following the success of the project. arrival of the sixth and final batch of one million barrels of crude oil necessary for the first operations.
The refinery infrastructure includes truck loading gantries capable of loading 2,900 trucks per day, ensuring efficient distribution. The design of the facility complies with international standards, including those set by the World Bank, the US EPA, European emission standards and DPR emissions and effluent standards.