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The are indications that the Dangote Refinery positioned in Lagos is ready to start manufacturing of refined petroleum merchandise.
In keeping with trade sources and tanker monitoring Knowledge, S&P World, the a lot anticipated manufacturing of refined petroleum merchandise is ready to start quickly as the ability has now acquired its first cargo of crude.
In keeping with the sources, OTIS Tanker, carrying 950,000 barrel cargo of Nigeria’s Agbami crude, set sail on December 6 and was en route Lekki, the closest land port to Dangote’s offshore crude receiving terminal.
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“The tanker Is predicted to reach on December 7 round 8pm. This cargo marks the initiation of crude provides for the refinery’s operations,” the supply mentioned.
Economic Confidential remembers that the Dangote Refinery was commissioned by ex-President Muhammadu Buhari earlier than leaving workplace and it was meant to start manufacturing in August.
Nigerians had been nonetheless dissatisfied because the the ability didn’t fulfil the August promise at a time folks had been grappling with excessive value of transportation within the wake of gas subsidy elimination.
It’s believed in lots of quarters that graduation of native manufacturing by the Dangote Refinery may trigger a slight discount within the pump value of petroleum merchandise throughout the nation.
