Tuesday, November 12, 2024
spot_img
- Advertisement -News Reviews Nigeria
UncategorizedWe can meet local demand of petrol – Dangote refinery

We can meet local demand of petrol – Dangote refinery

October 30, 2024

By Idris Buba

The Chairman of Dangote Refinery, Aliko Dangote, has said that it refinery can produce over 30 million litres of fuel daily at full capacity and currently has 500 million litres in reserve.

That, according to him was sufficient to supply the country for more than 12 days without the need for imports.

Dangote, disclosed to State House correspondents on Tuesday after meeting with President Bola Tinubu.

He started that with 500 million litres in its tanks, his refinery has the capacity to meet local petrol demand.

He said: “We have enough supply of crude. We can actually produce much more than 30 million litres every day. At full capacity, we can even supply whatever is being consumed.

“As we speak today, we have 500 million litres, you know, in our tanks. So, with 500 million litres in our tanks, even if there’s no production from anywhere or no imports, this will take the country more than 12 days.

READ MORE; Dangote Refinery’s Diesel, Jet Fuel Supplies To Disrupt Europe’s Oil, Gas Industry ….OPEC

“So we are very ready. We are more than ready. And you know, I’m also putting my own name on the line by giving Mr President my word that, yes, we will be able to supply the market a minimum of 30 million per day, and we’ll be ramping up production. So, we’re ready. We’re more than ready.”

Why the ground does not show that Dangote Refinery has enough fuel that would last for 12 days because there is scarcity of the product, Aliko Dangote, noted: “Well, one thing that you have to understand is that we are producers.

He emphasized that: “I have a refinery. I’m not in the business of retail. If I’m in the business of retail, then you hold me responsible.

“But what I’m saying is that the retailers should please come forward and pick. If they don’t come forward and pick, what do you want me to do?

“So, I am expecting either NNPC or the marketers to stop importing.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe Today

GET EXCLUSIVE FULL ACCESS TO PREMIUM CONTENT

We do analysis, summaries and evaluation of news stories.

TOPICAL VIDEO

Get unlimited access to our EXCLUSIVE Content and our archive of subscriber stories.

Exclusive content

- Advertisement -News Reviews Nigeria

Latest article

More article

- Advertisement -News Reviews Nigeria