Nigeria – In a significant development for Nigeria’s energy sector, billionaire industrialist Aliko Dangote has officially announced the commencement of petrol production at the Dangote Refinery.

During the announcement, Dangote expressed his gratitude to President Bola Tinubu for the government’s decision to allow the sale of crude oil in Naira, a move that is expected to bolster the local economy and stabilize fuel prices.

As part of the ceremony, Dangote presented the first sample of the petrol produced at the refinery to the press, marking a milestone for the facility, which is poised to be the largest single-train refinery in the world. The refinery, located in the Lekki Free Trade Zone, aims to significantly reduce Nigeria’s reliance on imported fuel and enhance the nation’s energy security.

The commencement of operations at the Dangote Refinery is seen as a transformative step for Nigeria, promising not only to meet local demand but also to generate surplus for export, thereby positioning the country as a key player in the global oil market.

The Dangote Petroleum Refinery

Dangote Oil Refinery is a 650,000 barrels per day (BPD) integrated refinery in the Lekki Free Zone near Lagos, Nigeria. It is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility.

The Pipeline Infrastructure at the Dangote Petroleum Refinery is the largest anywhere in the world, with 1,100 kilometers to handle 3 Billion Standard Cubic Foot of gas per day. The Refinery alone has a 435MW Power Plant that is able to meet the total power requirement of Ibadan DisCo.

The Refinery will meet 100% of the Nigerian requirement of all refined products and also have a surplus of each of these products for export.

Dangote Petroleum Refinery is a multi-billion dollar project that will create a market for $21 Billion per annum of Nigerian Crude. It is designed to process Nigerian crude with the ability to also process other crudes.