Dangote Refinery and Petrochemicals Launch Delayed to Mid-July

Lagos, Nigeria, June 28, 2024 – The Dangote Petroleum Refinery and Petrochemicals, a massive industrial project, is poised to significantly impact Nigeria’s energy landscape due to its enormous scale and strategic location in Lagos. Led by Aliko Dangote, Africa’s wealthiest individual and the visionary behind the project, the refinery signifies a critical milestone in Nigeria’s quest for self-sufficiency in petroleum products.

While initially scheduled for a June launch, the commencement of Premium Motor Spirit (PMS) production has been pushed back to mid-July due to minor delays in operational timelines. Aliko Dangote, serving as President and CEO, reassured stakeholders during a recent visit by a Senate delegation that these delays are being managed diligently. He explained that while initial production will begin around the 10th to 15th of July, the refinery intends to build up a stockpile to ensure market stability before full-scale commercial availability by the third week of July.

The refinery, backed by a staggering $20 billion investment, commenced operations in December with a daily capacity of 350,000 barrels. Beyond PMS, it has already begun supplying diesel and aviation fuel, marking a significant step towards meeting Nigeria’s domestic energy demands and potentially transforming it into a regional energy hub. This strategic move not only aims to reduce Nigeria’s reliance on imported petroleum products but also promises to strengthen the nation’s economic resilience and industrial competitiveness.

The significance of the Dangote Petroleum Refinery extends beyond its sheer production capacity. Described as the “9th wonder of the world” by Senate President Godswill Akpabio, the facility highlights Nigeria’s ability to execute and sustain large-scale industrial projects that can rival global standards. Akpabio’s praise reflects the admiration for Dangote’s vision and the refinery’s potential to stimulate economic growth, generate employment, and enhance technological capabilities in the region.

As Nigeria navigates its economic landscape, the Dangote Petroleum Refinery emerges as a symbol of hope and progress, embodying the transformative power of visionary leadership and strategic investment in essential infrastructure. With its imminent impact on the petroleum sector, the refinery is set to redefine Nigeria’s energy dynamics, paving the way for a more resilient and prosperous future.

FOR MORE INQUIRIES CONTACT; ALIKO DANGOTE

CEO OF DANGOTE COMPANY

07032249343

WWW.DANGOTEPRODUCTS.COM