Friday, September 13, 2024

Petrol Loading from Dangote Refinery Set to Begin September 15, FG Announces

 



The Federal Government has officially announced that the loading of the first batch of petrol from the Dangote Refinery is scheduled to commence on Sunday, September 15. This announcement was made by Zacch Adedeji, who is both a member of the Presidential Committee on the Sale of Crude Oil and Refined Products and the Chairman of the Federal Inland Revenue Service (FIRS).

During a press briefing held in Abuja on Friday, Adedeji provided detailed information about the upcoming operations. He indicated that from October 1, the Nigerian National Petroleum Company Limited (NNPCL) will begin supplying about 385,000 barrels per day (kbpd) of crude oil to the Dangote Refinery. The payment for this crude oil will be conducted in Naira. In turn, the Dangote Refinery is expected to provide petrol and diesel of equivalent value to the domestic market, with transactions also to be settled in Naira.

This initiative is part of the government's broader strategy to boost local refining capabilities and ensure a more stable and self-sufficient petroleum sector. Adedeji expressed optimism about the positive impact of these developments on the Nigerian economy, particularly in terms of reducing reliance on imported fuel and enhancing domestic production. The commencement of loading marks a crucial milestone in the operational phase of the Dangote Refinery, reflecting the successful completion of all necessary agreements and preparations.

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