Aliko Dangote
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Aliko Dangote Declares End to Nigeria’s 50-Year Fuel Queue Crisis
Aliko Dangote, President and CEO of Dangote Petroleum Refinery, has declared that Nigeria’s persistent fuel queue problem, which has lasted for over 50 years, has been resolved. Speaking at a conference marking the first anniversary of the refinery’s petrol production, Dangote emphasized that the nation’s longstanding fuel challenges have been effectively addressed.
The Dangote Refinery, with a capacity of 650,000 barrels per day, began producing petrol on September 15, 2024. Since then, it has significantly alleviated fuel shortages, contributing to a more stable and reliable fuel supply across Nigeria.
Dangote acknowledged the numerous challenges faced during the refinery’s development and operation but expressed pride in the project’s success and its positive impact on the country’s energy landscape.
Dangote Refinery: Transforming Nigeria’s Fuel Market and Beyond with Game-Changing Capacity
The BP Rotterdam Refinery in the Netherlands boasts a robust capacity of 380,000 barrels per day, positioning it as a major player in the European refining scene.
Notable refineries in Europe highlighted in the report include the GOI Energy ISAB Refinery in Italy, capable of processing 360,000 barrels per day, and the TotalEnergies Antwerp facility in Belgium, with a refining capacity of 338,000 barrels per day.
The emergence of the Dangote Refinery marks a significant shift in the refining landscape, earning it the title of a ‘game changer’ in the industry. Its strategic location and utilization of cost-effective US oil imports contribute to its competitive edge.
Analysts foresee the refinery, currently running at around 300,000 barrels per day, making a profound impact on Nigeria’s fuel market and the broader region. Already, it has commenced shipments of jet fuel, diesel, and naphtha, with plans for further product expansion.
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