Afrigather The Dangote Refinery is about to start out promoting a sort of gas known as Premium Motor Spirit, also referred to as petrol.
This large step comes proper after they efficiently examined the product at their large refinery, which may deal with 650,000 barrels a day. This implies the brand new gas must be available in the market very quickly.
Sources who know lots in regards to the trade however wish to keep nameless shared that the federal government and the Dangote Group are nonetheless determining methods to get the gas to everybody who wants it.
In addition they mentioned that, for now, solely the Nigerian Nationwide Petroleum Firm Restricted will promote this new Dangote petrol.
Challenges in Gasoline Provide
The refinery was supposed to start out promoting petrol again in June, however they wanted extra crude oil and there have been some disagreements with the Nigerian authorities in regards to the high quality of diesel they had been making.
Fortunately, the federal government stepped in and helped kind out these points by ensuring the refinery received the crude oil it wanted.
There have been some issues getting sufficient crude oil. Dangote and different native refineries have complained that the large worldwide oil firms will not be promoting to them straight.
As an alternative, these firms are promoting their oil to different international locations in Asia, which makes it more durable and dearer for native refineries to get the oil they want.
The federal government has mentioned they’ll begin a brand new deal in October to ensure Dangote will get sufficient crude oil. Additionally, the Nigerian authorities have mentioned they helped Dangote recover from 29 million barrels of oil from January to June 2024.
However Dangote says they’ve but to obtain that a lot oil and would like to purchase straight from the producers in Nigeria, not by middlemen from different international locations.
