The refinery’s crude oil tanks received the STASCO cargo, which had one million barrels from Agbami. It said that it came to the Dangote Refinery’s Single Point Mooring (SPM) and discharged there.
he facility is set to be a game changer as the new oil plant receives shipment. Mr. Aliko Dangote, the President of Dangote Group, said that they will focus on increasing the refinery to its full capacity in the next few months. He said that he is excited for the next big milestone when they supply the first batch of products to the Nigerian market. The new facility, which costs about $19bn, is located on 2,635 hectares (6,500 acres) of land in the Lekki Free Zone of Lagos, Nigeria.
The first phase of the six million barrels of crude supply from different suppliers, which will sustain the initial 350,000 barrels per day needed for the commencement of crude production at its facility, it said. It also said that the NNPCL and ExxonMobil will supply the next four and the final six cargoes respectively in two to three weeks. This supply will allow the refinery to start operating and producing diesel, aviation fuel, and LPG before advancing to the production of PMS.
The facility in the Lekki area of Lagos State, which is Africa’s largest oil refinery, was commissioned in May by former President Muhammadu Buhari after a long delay. The facility, built by Aliko Dangote, the richest man in Africa, could process 650,000 barrels a day at full capacity, but it failed to start operations in June due to a shortage of crude oil supply. The Nigerian energy sector achieved a major milestone on Friday with the shipment. Nigeria, which is the most populous country in Africa and one of the biggest crude producers on the continent, has relied on imports to satisfy local demand because of the poor performance of state-owned refineries. The government removed the subsidy for gasoline that it used to swap for crude worth billions of dollars in the domestic market, because of the huge pressure on foreign exchange amid falling oil revenue.
