Dangote Refinery to Begin Petrol Subsidy in September
The Dangote Petroleum Refinery is expected to commence petrol subsidy by mid-September, according to a report by Reuters . The refinery is currently undergoing test runs for petrol production, and full operations are expected to begin soon . However, the exact date may be subjected to further delay .
The Dangote Refinery, built by Africa’s richest man, Aliko Dangote, is a 650,000-barrel-per-day refinery that is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility . The refinery has faced several challenges, including delays and controversies surrounding its construction .
Despite these challenges, the refinery is expected to significantly increase petrol production in Nigeria, potentially impacting fuel balances across the country, Africa, and in northwest Europe . The federal government has also announced plans to increase petrol output from the Port Harcourt refinery and the Dangote refinery by November .
The Dangote Refinery has denied reports of further delays to petrol output, stating that the refinery is on track to produce petrol as planned in August . The refinery has also not fixed its petrol price at N600 per liter ahead of when the product would be available .
Overall, the commencement of petrol subsidy at the Dangote Refinery is a significant development for Nigeria’s oil industry, and it is expected to have a major impact on the country’s fuel supply.
