Dangote refinery to release 60% refined products for local consumption
Dangote Petroleum Refinery has revealed that 60 per cent of refined products from its 650,000 barrels per day capacity refinery in Lagos, would be available for local consumption while the remaining would be exported at completion later in the year.
Mr Devakumar Edwin, the Executive Director, Strategy Capital Projects and Portfolio Development, Dangote Group, disclosed this on Sunday during the tour of the facility by Alh. Lai Mohammed, Minister of Information and Culture.
Explaining how the refined petroleum products from the refinery including petrol, kerosene, diesel and aviation fuel, would be distributed locally , Edwin said, a landfall point has been completed at the site of the refinery in Lagos, to reduce petroleum products-laden trucks from Nigerian roads..
He added that the landfall point dredged in the Atlantic Ocean would allow ships loading crude oil to the refinery to berth and discharge for production.
He said,” Refined products from the refinery would also be loaded in ships at the landfall point for distribution to Warri, Port-Harcourt, Calabar and other Southern states.
“Dangote refinery has plan to address the outdated and risky method of transporting petroleum products by tankers on roads to long distances.
“The dispatch facilities by marine for refined products from the refinery is 75 per cent while there were also available facilities for dispatch by roads.
According to him, the refinery has a total tanker loading facility of 2,900 for dispatch by road to areas that could not be delivered by marine facilities.
He also disclosed that the refinery has 20 crude storage tanks, each with a capacity of 120 million litres, totaling 2.4 billion litres storage capacity.
He said the end-of-the-year deadline for the inauguration and full take off of the single largest refinery in the world with 650,000 barrels per day capacity was sacrosanct.
Lai Mohammed while commending Dangote for the progress made on the refinery said the refinery at completion would be a game-changer for the challenges of energy and unemployment.
The government had earlier on acquired a 20 percent equity interest in the refinery with additional commitment to provide 300,000 bpd of crude oil. This volume, industry sources confirmed, is sufficient to meet the September target of the refinery and invariably, immediate supplies to the local market.