Alhaji Aliko Dangote, has said that the first tranche of petroleum products from the refinery will be supplied to the market by the end of July or the begining of August 2023.
Speaking at the commissioning of theintegrated refinery project located in the Lekki free trade zone area of Lagos State on today, Dangote described it as a milestone in a new and exciting trajectory for Nigeria’s oil and gas downstream sector.
“It is our firm commitment that we will replicate in this sector what we have actually achieved in the cement and fertilizer markets while Nigeria transformed from being the largest importer of these crude products to a net exporter,” he said.
“Our first goal is to ramp up projections of various production to ensure that within this year, we are able to fully satisfy our nation’s demand for higher quality products to enable us to eliminate the tragedy of import dependency and stop, once and for all, the dumping in our market of toxic substandard petroleum products.
“Our first products will be in the market before the end of July, beginning of August this year.”
The refinery will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene.
The firm stated that the facility was designed to process a large variety of crudes, including many African crudes, some Middle Eastern crudes, and US (United States) Light Tight Oil, for local consumption as well as export.