Wednesday, 12 June 2024 04:44

Dangote Refinery delays petrol supply to domestic market till July

Rate this item
(0 votes)

Aliko Dangote, Africa’s richest person, announced a delay in petrol supply from the Dangote Petroleum Refinery, now set to commence in July. Dangote made this announcement on June 9 during the inauguration of the Dangote Sinotruk West Africa’s completely knocked-down (CKD) plant in Lagos.

Previously, on May 18, Dangote had stated that the refinery would start producing petrol in June, eliminating the need for Nigeria to import the product. However, providing an update, Dangote indicated that the refinery is now expected to begin supplying petrol to the downstream market by July 15.

“We had a bit of delay, but PMS will start coming out by the 10th to 15th of July. We want to keep it in the tank to make sure it settles,” he said. “So by the third week of July, we’ll be able to come out to take it into the market.”

On June 3, Dangote also mentioned that some international oil companies (IOCs) were experiencing difficulties in supplying crude to his refinery. In response, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) stated on June 5 that discussions were ongoing with the IOCs to ensure they meet their domestic crude oil supply obligations.

June 22, 2024

Stanbic-IBTC founder Atedo Peterside announces retirement as a banker

The founder of Stanbic-IBTC Bank, Atedo Peterside has announced his retirement as a banker. Peterside…
June 05, 2024

Many politicians go to court after elections because they know they can be declared winners…

Former President Goodluck Jonathan on Tuesday said that many politicians would avoid going to court…
June 16, 2024

19 secrets and confessions about marriage that married people would never say out loud

We recently asked married people in the BuzzFeed Community to share secrets about marriage they'd…
June 22, 2024

The world’s shortest commercial flight lasts less than 2 minutes

The airplane flight between the Scottish islands of Westray and Papa Westray holds the world…
June 22, 2024

Maritime corruption in Nigeria results in GDP loss of $204m, 235,000 jobs annually - Report

Nigeria loses about $182,200 (N270.567 million) on each shipment of cargo into the country to…
June 22, 2024

Here’s the latest as Israel-Hamas war enters Day 260

Israel pounds Gaza, killing dozens, as fighting rages Israeli forces pounded Rafah in southern Gaza…
June 19, 2024

Chips maker Nvidia rises to world’s most valuable company

Nvidia has become the world’s most valuable company following a staggering rally in its shares,…
June 18, 2024

Amusan secures fourth straight national title in 100m hurdles

Tobi Amusan has claimed her fourth consecutive national title in the women’s 100 metres hurdles…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.