Nigeria’s eagerly anticipated Dangote Refinery is on the verge of making its long-awaited debut in the country’s energy market, multiple sources have confirmed.
The refinery’s impending launch marks a significant milestone in Nigeria’s quest for energy independence, potentially reshaping the dynamics of the fuel industry in West Africa.
Expected to deliver its first fuel into the local market within weeks, the $20 billion Dangote Refinery represents a crucial step towards Nigeria becoming a net exporter of fuel to neighboring countries.
This shift could significantly alter the power and profit dynamics in the region’s energy sector.
According to a senior executive at Dangote, who spoke on condition of anonymity due to the sensitive nature of the information, the first fuel deliveries from the refinery are imminent.
The refinery’s contribution is poised to reduce Nigeria’s reliance on fuel imports, a practice that has persisted for decades.
The Nigerian National Petroleum Corporation (NNPC) is reportedly set to supply the Dangote Refinery with 4 million barrels of crude oil in March alone, signaling a substantial commitment to supporting the refinery’s operations.
The total supplies since December have amounted to 12 million barrels, highlighting NNPC’s dedication to ensuring the refinery’s success.
Sources also revealed that Dangote Refinery is set to receive crude oil cargoes from oil trader Trafigura, further solidifying its position in the market.
The refinery, which has been producing and storing various fuel products, is undergoing final quality tests before its products hit the market.
While reaching full capacity may take several months, Dangote Refinery’s imminent debut signifies a significant leap forward in Nigeria’s journey towards energy self-sufficiency.
